North Korea confirms 'successful' launch of ballistic missile

May 22, 2017

Seoul, May 22: North Korea today confirmed the "successful" launch of a medium-range ballistic missile, Pyongyang's state media reported, adding the weapon was now ready to be deployed for military action.

northkorea

State-run Korean Central News Agency said the North's leader Kim Jong-Un oversaw yesterday's missile test, which has sparked a fresh chorus of international condemnation and threats of tougher UN sanctions.

The missile tested was the Pukguksong-2, a land-based version of Pyongyang's submarine-launched weapon, using solid-fuel that allows for immediate firing, KCNA said.

"Saying with pride that the missile's rate of hits is very accurate and Pukguksong-2 is a successful strategic weapon, (Kim Jong-Un) approved the deployment of this weapon system for action," KCNA said.

"Now that its tactical and technical data met the requirements of the Party, this type of missile should be rapidly mass-produced in a serial way to arm the KPA Strategic Force," Kim said, referring to the North's army, according to the KCNA report.

The missile, which was described by Washington as medium-range, was fired from Pukchang in South Pyongan province and travelled about 500 kilometres (310 miles) before landing in the Sea of Japan, according to the South's armed forces.

KCNA said the test "aimed to finally verify all the technical indexes of the weapon system and thoroughly examine its adaptability under various battle conditions, before its deployment at military units for action."

The results of the test were "perfect", KCNA added.

The US, South Korea and Japan sharply denounced the launch and jointly requested an emergency meeting of the United Nations Security Council on the matter.

The launch came just one week after the North fired a Hwasong-12 intermediate-range missile, which according to Pyongyang flew almost 800 kilometres and was capable of carrying a "heavy" nuclear warhead.

Analysts said the Hwasong travelled further than any previous ballistic missile launched by the North.

The May 14 launch was seen as a significant step forward as the North accelerates efforts to develop an intercontinental ballistic missile (ICBM) capable of delivering a nuclear warhead to the continental United States.

The launches and a threatened sixth nuclear test have fuelled tension with the administration of US President Donald Trump, who has vowed that such an ICBM launch "won't happen."

He warned that no option is off the table in dealing with the North's weapons program, although Washington has so far opted for sanctions and diplomatic pressure, while looking to China, the North's closest ally, to help rein in Pyongyang.

Seoul's foreign ministry slammed the "reckless and irresponsible" firing as "throwing cold water on the hope and longing of the new government and the international community" for denuclearization and peace on the Korean peninsula.

South Korea's incoming left-leaning government has taken a more conciliatory line with Pyongyang than its conservative predecessors but has reacted strongly to the latest two missile tests.

Pyongyang has long had missiles that can reach targets across South Korea and Japan.

With an imputed range of 4,500 kilometres, the Hwasong-12 also puts US bases on the Pacific island of Guam within reach.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 21,2020

New Delhi, Feb 21: Global terror financing watchdog FATF on Friday decided continuation of Pakistan in the "Grey List" and warned the country that stern action will be taken if it fails to check flow of money to terror groups like the LeT and the JeM, sources said.

The decision has been taken at the Financial Action Task Force's plenary in Paris.

The FATF decided to continue Pakistani in the "Grey List". The FATF also warned Pakistan that if it doesn't complete a full action plan by June, it could lead to consequences on its businesses, a source said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 28,2020

Kuala Lumpur, Jul 28: Malaysia's ex-leader Najib Razak was found guilty Tuesday in his first trial over the multi-billion-dollar 1MDB scandal, two years after the fraud contributed to the downfall of his long-ruling government.

The former prime minister could now face decades in jail after being convicted on all charges in the case related to the looting of sovereign wealth fund 1Malaysia Development Berhad.

Billions of dollars were stolen from the investment vehicle and spent on everything from high-end real estate to pricey art, while investment bank Goldman Sachs also became embroiled in the scandal.

Anger at the looting played a large part in the shock loss of Najib's long-ruling coalition in elections in 2018, and he was arrested and hit with dozens of charges following his defeat.

The verdict was a test of Malaysia's rule of law. It comes about five months after Najib's scandal-plagued party returned to power as part of a coalition, development observers had feared could affect the outcome of the case.

About 16 months after it began, the Kuala Lumpur High Court delivered the verdict in Najib's first trial, which centred on the transfer of 42 million ringgit ($9.9 million) from a former 1MDB unit, SRC International, into his accounts.

Najib had vehemently denied wrongdoing.

But Judge Mohamad Nazlan Mohamad Ghazali took apart all the arguments put forward by his defence, and found him guilty on the seven charges he faced.

"In conclusion, after considering all the evidence in this trial, I find the prosecution has successfully proven the case," the judge told the court.

The charges were one of abuse of power, three of criminal breach of trust and three of money-laundering.

The counts of abuse of power and criminal breach of trust are punishable by up to 20 years in jail each, while the money-laundering charges are punishable by up to 15 years each.

Sentencing was not handed down straight away. The 67-year-old will likely appeal and he may not be sent to jail immediately. If his conviction is upheld, he will also be barred from political office for several years.

Najib had insisted he was ignorant of the transactions.

The defence team portrayed Najib as a victim and instead sought to paint financier Low Taek Jho, a key figure in the scandal who has been charged in the US and Malaysia, as the mastermind.

Low, whose whereabouts are unknown, maintains his innocence.

Prosecutors insisted Najib was in control of the 1MDB unit, SRC International.

The return of Najib's party to power as part of a coalition in March followed the collapse of Mahathir Mohamad's reformist administration.

Since then, 1MDB-linked charges were unexpectedly dropped against the ex-leader's stepson Riza Aziz, a producer of Hollywood movie "The Wolf of Wall Street", in exchange for him agreeing to return assets to Malaysia.

Prosecutors also dropped dozens of charges against Najib ally Musa Aman, the former leader of Sabah state.

The amounts involved in Najib's first case are small compared to those in his second and most significant trial, which centres on allegations he illicitly obtained more than $500 million.

Malaysia had charged Goldman Sachs and some current and former staff, claiming large amounts were stolen when the bank arranged bond issues for 1MDB.

But the two sides agreed to a $3.9 billion settlement last week in exchange for charges being dropped.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.