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Japan, South Korea Report Ballistic Missile Launch

NORTH KOREA
EM Bulletmarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging MarketsBank of Japan (BOJ) Market NewsPolitical Market News

Both Japanese coast guard and South Korean military have reported the launch of a ballistic missile from North Korea in recent minutes.

  • Reports are that the missile was fired into the East Sea/Sea of Japan.
  • Comes just days after South Korean President Yoon Suk-yeol was inaugurated. In his inauguration address he stated an 'audacious' offer to the North to provide major economic support in exchange for concrete steps of denuclearisation. This latest launch is unlikely to facilitate progress in these talks.
  • Launch comes on the day that DPRK gov't acknowledges for the first time that COVID-19 cases present in North Korea.
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Both Japanese coast guard and South Korean military have reported the launch of a ballistic missile from North Korea in recent minutes.

  • Reports are that the missile was fired into the East Sea/Sea of Japan.
  • Comes just days after South Korean President Yoon Suk-yeol was inaugurated. In his inauguration address he stated an 'audacious' offer to the North to provide major economic support in exchange for concrete steps of denuclearisation. This latest launch is unlikely to facilitate progress in these talks.
  • Launch comes on the day that DPRK gov't acknowledges for the first time that COVID-19 cases present in North Korea.