Defying U.N., North Korea vows to strengthen nuclear capability
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
North Korean Foreign Minister Ri Yong Ho addresses the United Nations General Assembly in the Manhattan borough of New York, U.S. September 23, 2016. REUTERS/Eduardo Munoz
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
By David Brunnstrom
UNITED NATIONS (Reuters) - North Korea vowed on Friday to further strengthen its nuclear weapons capability, in spite of U.N. condemnation and sanctions, and said it would never abandon its deterrence while it was threatened by nuclear-armed states.
In an address to the United Nations General Assembly, North Korean Foreign Minister Ri Yong Ho described his country's nuclear weapons as "a righteous self-defense measure" against "constant nuclear threats of the United States."
"Going nuclear-armed is the policy of our state," he said. "As long as there exists a nuclear-weapon state in hostile relations with the DPRK, our national security and peace on the Korean peninsula can be defended only with reliable nuclear deterrence," he said, using the acronym for the Democratic People's Republic of Korea, North Korea's official name.
Ri said North Korea "will continue to take measures to strengthen its national nuclear armed forces in both quantity and quality."
Ri said the Korean peninsula was the world's "most dangerous hotspot, which can even ignite the outbreak of nuclear war," and the blame lay "squarely' with the United States.
He accused the United States and South Korea of conducting massive "nuclear war exercises" aimed at "decapitation" of the North Korean leadership and occupation of its capital Pyongyang, while a call last year by North Korean leader Kim Jong Un to replace the 1953 Korean War armistice with a peace agreement had been ignored.
North Korea's nuclear and missiles tests have been condemned worldwide and have resulted in several rounds of U.N. sanctions, the most recent of which were adopted in March. Discussions are already under way on a possible new U.N. sanctions resolution after North Korea's fifth and largest nuclear test on Sept. 9.
Ri said that by imposing sanctions on North Korea, the U.N. Security Council was "playing the role of covering up the highhandeness and arbitrariness of the United States."
He accused the United States of threatening North Korea by flying B1-B strategic bombers over the military demarcation line on the Korean peninsula and warned: "We will never remain onlookers at it and the United States will have to face tremendous consequences beyond imagination."
The United States flew two B1-Bs over South Korea on Wednesday in the second such flight since the Sept. 9 test. U.S. Forces Korea said the flights were a show of force and of the U.S. commitment to preserve the security of the peninsula and the region.
(Reporting by David Brunnstrom and Rodrigo Campos; Editing by Chris Reese and Grant McCool)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China vows to punish local government officials for forging economic data
- U.S. Republicans quibble over effective date of Obamacare repeal
- South Korea worries about growing economic risks, amid impeachment push for President Park
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!