South Korean President Yoon Suk Yeol says it’s time to demonstrate strong international resolve against 'North Korea's illegal acts' to deter its nuclear ambitions as he heads to Lithuania this week to meet NATO leaders.
Asian shares have begun the week with mixed trading. China reported wholesale prices fell 5.4% in June, suggesting a further weakening of demand in many industries.
North Korea’s headlong pursuit of reliable nuclear weapons has taken on new urgency after it test flew more than 100 missiles and openly threatened to use nuclear weapons in potential conflicts with South Korea and the United States since the start of last year. In its typical, fiery rhetoric, North Korea’s Defense Ministry warned Monday the deployment of the U.S. submarine may incite “the worst crisis of nuclear conflict in practice.” It also threatened to shoot down U.S. spy planes. South Korea’s military countered it maintains a readiness to repel potential North Korean provocations.
“Peace is never as certain and reliable as when it is backed by powerful force and deterrence,” Yoon added. “Strong international sanctions against North Korea have the effect of preventing the advancement of its nuclear and missile capabilities.” Relations between South Korea and Japan have improved significantly in recent months, with Yoon taking a major step toward resolving a thorny dispute over Japan’s colonial-era mobilization of forced Korean laborers. The Yoon-Kishida meeting in Vilnius is expected to touch upon Japan’s contentious plan to release treated wastewater from the crippled Fukushima nuclear power plant, which was recently approved by the U.N. nuclear watchdog but is still opposed by many in neighboring countries.
South Korea, a growing arms exporter, has avoided directly providing arms to Ukraine in line with its long-standing policy of not supplying weapons to countries actively engaged in conflict. Leaked U.S. intelligence documents posted online earlier this year indicated that South Korea’s National Security Council “grappled” with the U.S. in March over an American request to provide artillery ammunition to Ukraine.
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