Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

N. Korea rocket plan challenge for South  Join our daily free Newsletter

MENAFN - Arab News - 03/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) North Korea's new rocket launch plans are a dramatic gesture of defiance toward the international community, and a major challenge to the winner of South Korea's upcoming presidential elections, analysts say.

Pyongyang announced on Saturday it was preparing to carry out its second long-range rocket launch of the year - ostensibly aimed at placing a satellite in orbit - following a much-hyped but failed attempt in April.
The announcement was made in the face of a UN Security Council warning just days before that going ahead with the launch would be "extremely inadvisable"

The United States and its key Asian military allies, South Korea and Japan, insist the launch is a disguised ballistic missile test that violates UN resolutions triggered by Pyongyang's two nuclear tests in 2006 and 2009.
Professor Yang Moo-Jin of the University of North Korean Studies in Seoul warned that North Korea and its leader Kim Jong-Un were embarking on a high-stakes game of brinkmanship with the international community.
The launch, and in particular a successful launch, would likely draw sanctions, either from individual countries or concerned nations acting as a bloc.

"The North then would react strongly, probably upping its nuclear activity and possibly carrying out a third nuclear test," Yang said. "And so we get into a vicious circle of escalating tensions."Both of North Korea's previous nuclear tests were held one to three months after missile tests. Condemnation of the North's plans to launch a rocket between Dec. 10 and 22 was rapid, with both the United States and South Korea denouncing what they termed a "highly provocative" act.

"Devoting scarce resources to the development of nuclear weapons and long-range missiles will only further isolate and impoverish North Korea," US State Department spokeswoman Victoria Nuland said.

Tokyo said it was postponing talks between senior Japanese and North Korean diplomats scheduled to take place in Beijing this week. The North's announcement comes at a time of transition for four of the countries involved in the stalled six-country talks on North Korea.

Japan will hold a general election on Dec. 16, while South Korea will elect a new president on Dec. 19

China, North Korea's main source of economic aid, has just completed its once-in-a-decade transition to a new leadership, and US President Barack Obama is preparing to start on his second term in office.
The launch window provided by Pyongyang also coincides with the one-year anniversary of leader Kim Jong-Un's assumption of power following the death of his father Kim Jong-Il on Dec. 17.

The potential political impact is particularly strong for South Korea, where the two main presidential candidates have both signaled the need for greater engagement with Pyongyang.

Analysts say the ruling conservative party candidate Park Geun-Hye, daughter of the late former military strongman Park Chung-Hee, is most likely to benefit if a rocket launch pushes voter sentiment toward a harder line with the North.

"The launch will make more South Koreans feel disappointed and disillusioned about the North... which eventually helps Park," said Baek Seung-Joo of the Korea Institute of Defense Analyzes.

Although Park has expressed a willingness to build bridges with Pyongyang, her party is seen as the more hawkish, especially compared to the opposition Democratic United Party of her liberal rival Moon Jae-In.
"Even if Park really wants reconciliation with the North, she will get little backing from her party and main constituents," said Paik Hak-Soon, a senior analyst with the Sejong Institute think tank.

"So she faces a really tough road ahead in cross-border ties for the next five years," Paik told AFP.

Moon is best known as a top aide to former president Roh Moo-Hyun, whose administration had continued the "sunshine policy" of engagement and aid to North Korea pioneered by his predecessor Kim Dae-Jung.

 






  MENA News Headlines
Apr 24 2014Qatar- HH Sheikha Moza Meets Mayor of Kobe Visits RIKEN Research Institution ,Qatar News Agency
(MENAFN - Qatar News Agency) Kobe April 24 - Her Highness Sheikha Moza bint Nasser Chairperson of Qatar Foundation for Education Science and Community Development (QF) today held a meeting with the ...

Apr 24 2014Qatar- Sidra-BMC Event Boosts Biomedical Research Publishing ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - A symposium organised jointly by Sidra Medical Research Centre and BioMed Central (BMC) mulled trends in research and on open access publishing here ...

Apr 24 2014Qatar- Mannai Corp Q1 Net Profit up 73% to QR 150.1 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Exchange listed Mannai Corporation (QE: MCCS) net profit is up 73% to QR 150.1 Million for the first quarter of fiscal year 2014 ending March 31 ...

Apr 24 2014Bahraini firms forecasted to grow 10 pct ,MENAFN
(MENAFN) In a report based on a study of over 650 companies across GCC, Kuwait Financial Centre (Markaz) forecasts a growth of the Bahraini companies' earnings by 10 percent in 2014, Gulf Daily News ...

Apr 24 2014Israeli Army Storms Deir Samit Village West of Hebron ,Qatar News Agency
(MENAFN - Qatar News Agency) bron April 24 - Israeli army forces stormed at dawn Thursday Deir Samit village southwest of Hebron city in the West Bank. The Israeli forces conducted raid and search ...

Apr 24 2014Qatar Airways to add more seats on Doha-Vienna route ,MENAFN
(MENAFN) Qatar Airways plans to offer more 1.700 seats on its Doha-Vienna route beginning from September 2014, according to Gulf News. The company aims to expand the growing passenger demand from ...

Apr 24 2014Qatar- QFC Authority Five-a-Side Football Tournament Kicks Off ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Financial Centre (QFC) Authority's first Five-a-side Football Tournament is displaying dribbling skills of executives from Doha's financial ...

Apr 24 2014Qatar Stock Exchange Down 0.05% ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - The Qatar Exchange ended in the red area when trading closed Thursday at 12954.93 points (0.05%) down 6.63 points from the previous closing of 12961.56 ...

Apr 24 2014Dubai SME ties up with Taylor Wessing to raise awareness on Intellectual Property and fund-raising among SME100 firms ,MENAFN Press
(MENAFN Press) Dubai SME, the agency of the Department for Economic Development in Dubai mandated to develop the SME sector, have signed a memorandum of understanding (MoU) with the international law ...

Apr 24 2014Mannai Corporation net profit soars 73 percent in Q1 ,MENAFN
(MENAFN) Qatar's Mannai Corporation said that its net profit in the first quarter of this year increased significantly, the Peninsula Qatar reported. The group said that net profit in the period ...

Apr 24 2014Redefining large AOC launches 28€³ MVA monitors ,MENAFN Press
(MENAFN Press) Display specialist AOC launches its first two 28" (71.1 cm) monitors. The m2870Vhe and m2870Vq feature extra-large 16:9 MVA panels with Full HD resolution, wide viewing angles and high ...

Apr 24 2014Israeli Tanks Enter Gaza Border area ,Qatar News Agency
(MENAFN - Qatar News Agency) Gaza April 24 - Six Israeli military tanks on Thursday entered a border area in the southern Gaza Strip witnesses said. The tanks crossed into Gaza in an area called ...

Apr 24 2014Georgian Justice Minister Leaves Doha ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - HE Minister of Justice of Georgia Tia Tsulukiana left Doha on Thursday morning wrapping up a two-day official visit to the country. An agreement on ...

Apr 24 2014President Salva Kiir Relieves his Chief of the General Staff ,Qatar News Agency
(MENAFN - Qatar News Agency) Juba April 24 -South Sudanese President Salva Kiir relieved Chief of the General Staff of south sudan army James Hoth Mai. This came in a presidential decree aired ...

Apr 24 2014Afghan Guard Shoots Dead 3 Foreigners in Hospital ,Qatar News Agency
(MENAFN - Qatar News Agency) Kabul April 24 - Three foreigners including a doctor were shot dead and their colleague wounded when a guard of a private Cure Hospital opened fire on them in the ...

Apr 24 2014Omani non-oil exports to enter African markets ,MENAFN
(MENAFN) A senior official at the Oman Chamber of Commerce and Industry (OCCI) said that the Sultanate is seeking expansion in new African markets, in a time it is looking forward to reduce its ...

Apr 24 2014Egyptian Premier Off to Chad ,Qatar News Agency
(MENAFN - Qatar News Agency) Cairo April 24 - Egyptian Prime Minister Ibrahim Mehlib left cairo on Thursday for Chad the first leg of a three-day two-state trip that will also take him to Tanzania ...

Apr 24 2014US Secretary of State Meets Egyptian Intelligence Chief ,Qatar News Agency
(MENAFN - Qatar News Agency) shington April 24 - US Secretary of State John Kerry has met with the Egyptian Intelligence Chief Major General Mohammed Ahmed Fareed al-Tohami who is currently ...

Apr 24 2014Egypt's Interim President Receives Phone Call from South African President ,Qatar News Agency
(MENAFN - Qatar News Agency) Cairo April 24 - Egypt's Interim President Adly Mansour has received a telephone call from President of the Republic of South Africa Jacob Zuma in which they discussed ...

Apr 24 2014Sharjah Ladies Club organizes "Sharjah Ladies run" at the University City ,MENAFN Press
(MENAFN Press) Sharjah Ladies Club gears up to launch "Sharjah Ladies run" at the Sharjah University City. With over 250 participants, the activity aims to encourage women and enable them to ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help