North Korea Can Launch Nuclear-Tipped Missiles, South Korea Says, contradicting the U.S. position that the country is years away from developing the technology

North Korea Can Launch Nuclear-Tipped Missiles, South Korea Says

North Korea can now deliver a nuclear warhead on a missile, the South Korean Defense Ministry said in a report, contradicting the U.S. position that the country is years away from developing the technology. “The security situation on the Korean Peninsula has now worsened as the North’s threat of nuclear missiles has become real,” according to the report, which was presented to a parliamentary committee on national security today and released by the office of lawmaker Kim Kwang Jin. The new capability may embolden North Korea toward military provocation once the U.S. relinquishes its wartime command of South Korean troops in 2015, the report said. That command was given to the U.S. during the 1950-53 Korean War. North Korea threatened first strikes against South Korea and the U.S. in March after a February nuclear test prompted tightened sanctions against the Kim Jong Un regime. The Obama administration, which has called on North Korea to renounce its nuclear program, has said the country didn’t have the ability to launch an atomic weapon on a missile. Until 2010, the North was in an experimental stage with its nuclear missiles, and the country has now come to a point where it can actually use them, the report said. The Defense Ministry didn’t explain how it reached its conclusion, and the study didn’t mention the ranges of the missiles that the North had the capability to mount weapons on.

To contact the reporter on this story: Sam Kim in Seoul at skim609@bloomberg.net

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: