SEOUL, SOUTH KOREA – FEBRUARY 09: People see a tv program North Korea’s 75 th anniversary of the starting of the militaries day military parade launched by Korean Central News Agency (KCNA) in Seoul, South Korea.
Chung Sung- jun|Getty Images News|Getty Images
North Korea revealed its strategies to introduce its first-ever military spy satellite– offering a lift for some South Korean and Japanese defense stocks.
North Korean military authorities Ri Pyong Chol stated in a Monday declaration that Pyongyang prepares to introduce a satellite with the objective to track “dangerous” actions by the U.S., indicating its current joint military drills taking with South Korea.
North Korea declared the occasion “fully proves how the enemy is making preparations for the military act of aggression on the DPRK,” describing its main name, the Democratic People’s Republic of Korea.
Ri stated the satellite– arranged to be released in June– will be “indispensable to tracking, monitoring, discriminating, controlling and coping with in advance in real time the dangerous military acts of the U.S. and its vassal forces openly revealing their reckless ambition for aggression.”
“Under the present situation brought by the reckless military acts by the U.S. and South Korea, we steadily feel the need to expand reconnaissance and information means and improve various defensive and offensive weapons and have the timetables for carrying out their development plans,” he stated.
Defense stocks increase
Shares of South Korean defense business Firstec and Victek increased 3.8% and 3.3% respectively Tuesday afternoon, returning from a market vacationMonday Korea Aerospace Industries likewise edged up 0.6%.
Japanese defense business Hosoya Pyro-Engineering acquired 1.11%, while Mitsubishi Electric Corp inched up 0.16%.
Japan’s defense ministry cautioned it will “take all possible measures” to ruin any North Korean rocket that enters its area– including that Pyongyang’s duplicated screening of its ballistic rockets present a risk to the peace and security of the area and the worldwide neighborhood.
ICBM test ahead?
Stephen Nagy, a teacher at International Christian University, stated the launch might be something else like a global ballistic rocket test.
“North Korea will go ahead with the satellite launch, I think most analysts believe that it’s actually an ICBM – demonstrating increased capabilities of being able to attack U.S. bases in the Pacific but also on the mainland,” he stated.
Nagy included that he sees the most recent statement from Pyongyang as a “signal” from North Korea to the U.S. to take the nation more seriously and to go back to the negotiating table– as the spotlight for Washington’s diplomacy stays on China and Taiwan.
“North Korea and its failure to progress on some sort of compromise to move towards proven, permanent denuclearization actually puts the Biden administration in a position where if the North Koreans do not relocate regards to compromise, that they [U.S.] can continue and will continue to improve their deterrence abilities within the area,” he stated.
“North Korea has been under heavy sanctions for years and it’s still engaged in provocative behavior and this leads to the question of, do we need a new strategy and who do we work with … I just don’t think there’s an easy solution as we move forward on this problem,” he stated.
“The Biden priority is of course China, then Russia, then ensuring the Indo-Pacific region is broadly peaceful and stable,” he stated, including that “Taiwan is at the top of the program since it’s such a vital part of its [U.S.] relations with China,” he stated.
