AGL 39.15 Decreased By ▼ -0.85 (-2.13%)
AIRLINK 128.44 Decreased By ▼ -0.62 (-0.48%)
BOP 6.80 Increased By ▲ 0.05 (0.74%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.57 Increased By ▲ 0.02 (0.23%)
DFML 40.98 Increased By ▲ 0.16 (0.39%)
DGKC 82.15 Increased By ▲ 1.19 (1.47%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 74.25 Decreased By ▼ -0.18 (-0.24%)
FFL 11.80 Increased By ▲ 0.06 (0.51%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.20 Increased By ▲ 0.45 (3.27%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.53 Decreased By ▼ -0.19 (-2.46%)
MLCF 39.10 Increased By ▲ 0.50 (1.3%)
NBP 63.89 Increased By ▲ 0.38 (0.6%)
OGDC 193.00 Decreased By ▼ -1.69 (-0.87%)
PAEL 25.62 Decreased By ▼ -0.09 (-0.35%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 153.57 Decreased By ▼ -1.88 (-1.21%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.39 Decreased By ▼ -0.11 (-0.63%)
SEARL 82.98 Increased By ▲ 4.33 (5.51%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.42 Decreased By ▼ -0.31 (-0.92%)
TPLP 8.45 Increased By ▲ 0.05 (0.6%)
TREET 16.40 Increased By ▲ 0.13 (0.8%)
TRG 56.45 Decreased By ▼ -1.77 (-3.04%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,505 Increased By 59.4 (0.57%)
BR30 31,098 Decreased By -91.1 (-0.29%)
KSE100 98,257 Increased By 459.1 (0.47%)
KSE30 30,687 Increased By 206.4 (0.68%)

North Korea test-fired a battery of short-range missiles on Friday in what analysts saw as a show of the reclusive state's anger at Washington and the new conservative government in Seoul.
The launch comes a day after the North expelled South Korean officials from a joint industrial complex north of the border, after Seoul told its destitute neighbour to clean up its human rights and stop dragging its feet in nuclear disarmament talks if it wants to receive aid to keep its economy afloat.
A South Korean presidential spokesman told a news briefing that the North had fired short-range missiles as a part of a military exercise. Local news reports said the three were ship-to-ship missiles launched into the sea off the west coast.
"We believe the North does not want a deterioration of relations between the South and the North," spokesman Lee Dong-kwan told reporters. In Washington, White House spokesman Gordon Johndroe called for an end to the missile testing, which he said was "not constructive."
"North Korea should focus on the denuclearisation of the Korean Peninsula and deliver a complete and correct declaration of all its nuclear weapons programs, and nuclear proliferation activities and to complete the agreed disablement," Johndroe said.
New South Korean President Lee Myung-bak has said he wants to end the free ride given to North Korea under 10 years of left-leaning presidents who gave billions in aid while asking for little in return, seeing it as the price to pay for stability.
Lee's government has said it is ready to invest heavily, provided the North meets conditions such as scrapping its nuclear arms program or returning the more than 1,000 South Koreans it kidnapped or kept in the country after the 1950-53 Korean War.
Pyongyang was basically sending two messages with the launch, Keio University Korea expert Masao Okonogi said in Tokyo. One was aimed at the United States after talks in Geneva, showing the North's dissatisfaction with Washington's pressure to come clean on uranium enrichment and ties with Syria, he said. The other was a riposte to the Lee government's shift in stance.
"They are warning Seoul not to go back on things agreed between the North and the South," Okonogi said. North Korea has more than 1,000 missiles, at least 800 of them ballistic, that can hit all of South Korea and most parts of Japan, experts have said. Its launches are often timed to coincide with periods of political tension.
At about the same time as the launch, North Korea's official media fired a rhetorical volley at the United States, blaming it for pushing into deadlock six-country talks aimed at ending the North's nuclear arms plans.
"If the United States continues to delay the resolution of the nuclear problem by insisting on something that doesn't exist, it could have a grave impact on the disablement of the nuclear facility that has been sought so far," the North's KCNA news agency quoted a Foreign Ministry spokesman as saying. Pyongyang began disabling its Soviet-era nuclear plant at the end of last year, as its side of a deal with regional powers in return for aid and an end to international isolation.
The process has reached a stage where it would likely take North Korea at least a year to get its Yongbyon nuclear plant running again, according to South Korean officials.

Copyright Reuters, 2008

Comments

Comments are closed.