financetom
World
financetom
/
World
/
North Korea fires projectile in 6th launch this month: Seoul
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
North Korea fires projectile in 6th launch this month: Seoul
Jan 26, 2022 10:16 PM

South Korea's military says North Korea has fired at least one unidentified projectile into the sea in its sixth weapons launch this month. South Korea's Joint Chiefs of Staff on Thursday did not immediately say whether the projectile was a ballistic missile or how far it flew. North Korea has upped its testing activity recently in an apparent effort to pressure the Biden administration in the US amid long-stalled nuclear talks.

The renewed pressure comes as the pandemic further shakes North Korea's economy, which was already battered by crippling US-led sanctions over its nuclear weapons programme and decades of mismanagement by its own government. North Korea issued a veiled threat last week to resume the testing of nuclear explosives and long-range missiles targeting the American homeland, which leader Kim Jong Un suspended in 2018 while initiating diplomacy with the United States.

Kim's high-stakes summitry with former US president Donald Trump derailed in 2019 due to disagreements over sanctions relief and denuclearisation. Some experts say North Korea could dramatically escalate weapons demonstrations after the Winter Olympics, which begin February 4 in China, North Korea's main ally and economic lifeline. They say Pyongyang's leadership likely feels it could use a dramatic provocation to move the needle with the Biden administration, which has offered open-ended talks but showed no willingness to ease sanctions unless Kim takes real steps to abandon the nuclear weapons and missiles he sees as his strongest guarantee of survival.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TRADING DAY-IPO, IPO, it's off to work we go
TRADING DAY-IPO, IPO, it's off to work we go
May 21, 2026
ORLANDO, Florida, May 21 (Reuters) - U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors also pored over Nvidia's earnings report and awaited potential bumper IPOs from SpaceX and OpenAI. In my column today, I look at the overlaps between extreme concentration in U.S....
GLOBAL MARKETS-Oil falls, stocks climb as investors hope for progress in Iran war talks
GLOBAL MARKETS-Oil falls, stocks climb as investors hope for progress in Iran war talks
May 21, 2026
* US stocks end higher * Iran, U.S. stickto opposing stances over Tehran's uranium stockpile, Strait * Nvidia ( NVDA ) stock slips despite earnings beating forecasts (Updates with closing US market levels) By Caroline Valetkevitch and Harry Robertson NEW YORK/LONDON, May 21 (Reuters) - Oil prices fell and stocks rose on Thursday as investors were optimistic about possible progress...
Dollar whipsawed by conflicting Iran deal signals
Dollar whipsawed by conflicting Iran deal signals
May 21, 2026
NEW YORK, May 21 (Reuters) - The dollar index was flat on Thursday as traders weighed the likelihood of a near-term deal to end the Middle East war, having earlier touched a six-week high on doubts a breakthrough was close. The greenback had climbed after a Reuters report that Iran's Supreme Leader issued a directive barring the export of the...
Trading Day: IPO, IPO, it's off to work we go
Trading Day: IPO, IPO, it's off to work we go
May 21, 2026
ORLANDO, Florida, May 21 (Reuters) - U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors also pored over Nvidia's earnings report and awaited potential bumper IPOs from SpaceX and OpenAI. In my column today, I look at the overlaps between extreme concentration in U.S....
Copyright 2023-2026 - www.financetom.com All Rights Reserved