Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

US, South Korea, Japan hold missile defence drill after North's ICBM launch

Published 07/15/2023, 09:37 PM
Updated 07/15/2023, 09:41 PM
© Reuters. Hwasong-18 intercontinental ballistic missile is launched from an undisclosed location in North Korea in this image released by North Korea's Korean Central News Agency on July 13, 2023. KCNA via REUTERS

SEOUL (Reuters) - The U.S., South Korea and Japan held a joint naval missile defence exercise on Sunday to counter North Korea's evolving nuclear and missile threats, the South's navy said, days after the North launched an intercontinental ballistic missile (ICBM).

North Korea fired its latest Hwasong-18 missile, which Pyongyang describes as the core of its nuclear strike force, off the east coast on Wednesday in what it said was a "strong practical warning" to the adversaries.

Sunday's trilateral drill was conducted in international waters between South Korea and Japan, bringing together destroyers equipped with Aegis radar systems from the three countries, the navy said.

Washington and its Asian allies have been working to improve their information-sharing system on North Korea's missiles. South Korea and Japan are independently linked to U.S. radar systems but not to each other's.

The exercise aimed at mastering the allies' response to a North Korean ballistic missile launch with a scenario featuring a virtual target, the military said.

"We will effectively respond to North Korea's nuclear and missile threats with our military's strong response system and the trilateral cooperation," a South Korean Navy officer said.

© Reuters. Hwasong-18 intercontinental ballistic missile is launched from an undisclosed location in North Korea in this image released by North Korea's Korean Central News Agency on July 13, 2023. KCNA via REUTERS

The North's ICBM launch was denounced by the U.S., South Korea and Japan, though Pyongyang has rejected the condemnation, saying it was an exercise of its right to self-defence.

The latest launch followed heated complaints from North Korea in recent days, accusing American spy planes of flying over its exclusive economic zone waters, condemning a recent visit to South Korea by an U.S. nuclear-powered cruise missile submarine and vowing to take steps in reaction.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.