City Pyongyang Financial News

North Korea has successfully developed a new ballistic control system for a multiple rocket launcher along with controllable shells, state media KCNA reported on Monday. The Academy of Defence Science, which oversees the country's missile development, conducted a «ballistic control» test firing of 240-mm calibre controllable multiple rocket launcher shells on Sunday, KCNA said. KCNA said the strategic value of the 240 mm-caliber multiple rocket launcher will be «reevaluated» its role in battlefields will also increase due to what it called «rapid technical improvement.»

By Hyonhee Shin

North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea's Joint Chiefs of Staff said, in the latest sign of heightened tensions on the Korean peninsula. The missiles were fired at around 7 a.m. (2200 GMT on Tuesday) and the launches were being analysed by South Korean and U.S.

North Korea said Sunday it has agreed to further strategic and tactical cooperation with Russia to establish a «new multi-polarised international order,» as the two countries work to build a united front in the face of their separate, intensifying tensions with the United States. In describing North Korean Foreign Minister Choe Son Hui's meetings with Russian President Vladimir Putin and Foreign Minster Sergey Lavrov in Moscow last week, the North's Foreign Ministry said Putin also reaffirmed his willingness to visit Pyongyang and said that could come at an «early date.» North Korea has been actively strengthening its ties with Russia, highlighted by leader Kim Jong Un's September visit to Russia for a summit with Putin.

North Korea on Monday said it successfully test-fired a solid-fuel intermediate-range ballistic missile (IRBM) carrying a hypersonic warhead on Sunday, Yonhap News Agency reported. In a bid to verify the warhead's gliding and manoeuvring capabilities and the reliability of newly developed multi-stage high-thrust solid-fuel engines, the missile loaded with a hypersonic manoeuvrable controlled warhead was launched on Sunday afternoon, Yonhap News Agency reported, citing Korean Central News Agency (KCNA).

By Ju-min Park and Makiko Yamazaki

Russian tourists going on a ski trip will be the first international travelers to visit North Korea since the country’s borders closed in 2020 amid the global pandemic lockdown

North Korea has threatened an immediate military strike against South Korea in response to any «provocation». Kim Yo Jong, the powerful sister and key ally of leader Kim Jong Un, made the threat on Sunday, as Pyongyang reportedly fired artillery shells near its border with South Korea for the third day in a row.

Pyongyang of firing artillery shells near their sea boundary for a third straight day amid a provocative statement from Kim Yo Jong, the sister and key ally of North Korea’s supreme leader Kim Jong Un, threatening to launch a military strike immediately in response to any provocation. The influential sister of the North Korean leader even mocked Seoul's ability to detect its weapons launches.Also Read | Bangladesh polls: What does re-election of Sheikh Hasina mean for India? Strongly urging North Korea to halt provocative acts or face an overwhelming, stern response, South Korea’s Joint Chiefs of Staff said Pyongyang fired more than 90 rounds near the disputed western sea boundary on Sunday afternoon.

North Korea's shells landed in a buffer zone created under a 2018 tension-reducing deal, which fell apart in November after the North launched a spy satellite. Seoul's military said Saturday that "the repeated artillery fire within the prohibited hostile act zone by North Korea poses a threat to the peace on the Korean Peninsula and escalates tensions". They issued "a strong warning", and urged North Korea to immediately stop such actions.

By Cynthia Kim, Josh Smith and Jack Kim

By Hyonhee Shin

Beaming at every turn, North Korean dictator Kim Jong Un toured the jewels of Russia’s military industries in September. A guest of President Vladimir Putin, he gawked at the plant making Su-35 jet fighters, inspected a Russian Navy frigate and examined the Kinzhal missiles at the Vostochny spaceport. Soon thereafter, trainloads of North Korean artillery shells started rolling to Russian troops in Ukraine—by American calculations, as many as one million munitions, or roughly three times what European nations had been able to supply in a whole year.

North Korea's «reckless» nuclear build-up and missile launches. G7 foreign ministers said in a statement after the launch of Pyongyang's most powerful ballistic missile that «North Korea's repeated reckless actions must be met with a swift, united and robust international response, particularly by the United Nations Security Council».

South Korea, the United States and Japan said on Tuesday they have activated a new system to detect and assess North Korea's missile launches in real-time. The announcement comes after North Korea said it had tested the isolated state's newest intercontinental ballistic missile (ICBM) on Monday to gauge the war readiness of its nuclear force against mounting U.S. hostility. Here is what we know about the new missile warning data sharing system: WHAT INFORMATION IS BEING SHARED? Under the new mechanism, the three countries will share information on the launch site, flight trajectory and hitting point of North Korean missiles around the clock, South Korean Defence Minister Shin Won-sik said. The United States had until now shared such information separately with South Korea and Japan. «We will have warning data on North Korean missiles much faster, and be able to secure enough time to respond effectively,» Shin said in an interview with broadcaster MBN on Monday.

Kim Jong Un made an impassioned plea to the women of his country to have more children and raise them as communists. During the Fifth National Conference of Mothers in Pyongyang, Kim Jong Un stressed the need to reverse the declining birth rates in the country.

A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain.

North Korea has begun reconnaissance satellite operations, state news agency KCNA said on Sunday, after the country launched its first military spy satellite last month in a move that drew new sanctions from the U.S. and its allies. The new satellite operations office at the Pyongyang General Control Centre of the National Aerospace Technology Administration (NATA), started to discharge its mission on Saturday and will report acquired information to the reconnaissance bureau at the army and other major units, KCNA said. North Korea says it successfully launched its first military spy satellite on Nov.

US-North Korea ties plummeted further on Saturday after Pyongyang threatened Washington with retaliatory action if its spy satellite is attacked. In a hard-hitting statement, it has warned the US that any attack on its spy satellite will be considered a «declaration of war». The Defense Ministry said North Korea would consider taking «responsive action measures» for self-defense to undermine or destroy the viability of the US spy satellites. An unnamed ministry spokesman told journalists, «The U.S. Space Force's deplorable hostility toward the Democratic People’s Republic of Korea’s reconnaissance satellite can never be overlooked as it is just a challenge to the sovereignty of the DPRK, and more exactly, a declaration of war against it.»

WASHINGTON/SEOUL (Reuters) -The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of facilitating sanctions evasion to gather revenue and technology for its weapons of mass destruction program.

Dozens of South Korean and U.S. combat engineers build a pontoon bridge to ferry tanks and armored vehicles across the water, all within easy range of North Korean artillery. For seven decades, the allies have staged annual drills like this recent one to deter aggression from North Korea, whose 1950 surprise invasion of South Korea started a war that has technically yet to end. The alliance with the United States has allowed South Korea to build a powerful democracy, its citizens confident that Washington would protect them if Pyongyang ever acted on its dream of unifying the Korean Peninsula under its own rule. Until now.