1. Most Discussed
  2. Gainers & Losers

north korea fires surface-to-ship missile

  1. klown

    3,363 posts.
    North Korea fires surface-to-ship missile

    10.03.2003 6.07 pm

    TOKYO - North Korea fired a surface-to-ship missile towards the Sea of Japan on Monday, Japanese officials said, in an apparent move to step up pressure for United States concessions in a nuclear stand-off.

    But the officials added that the launch, which had been expected, posed no direct threat to Japan.

    The missile - which officials said was not ballistic - was launched toward the Sea of Japan at around midday Japanese time (4pm NZT).

    "We do not believe that this poses a serious threat to our nation's peace and stability," Defence Minister Shigeru Ishiba told a parliamentary panel shortly after news of the launch.

    South Korea confirmed the launch and said the missile appeared to be the same type as one fired on February 24, which was apparently part of a periodic training exercise.

    South Korea and the United States had said North Korea appeared set to test a missile within days, after the communist state declared a maritime exclusion zone.

    The North declared the exclusion zone in the Sea of Japan from March 8-11, in what was seen as a strong sign it was planning its second missile test in two weeks.

    Tensions have mounted on the Korean peninsula since US officials said last October that North Korea had admitted to enriching uranium in violation of a 1994 accord and escalated when Pyongyang withdrew from a nuclear non-proliferation pact.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top