North Korea is believed to have launched its recent missile test from a submarine. Reuters
North Korea is believed to have launched its recent missile test from a submarine. Reuters
North Korea is believed to have launched its recent missile test from a submarine. Reuters
North Korea is believed to have launched its recent missile test from a submarine. Reuters

North Korea fires two ballistic missiles in its second launch within a week


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North Korea fired two ballistic missiles into the sea on Wednesday, according to the South's military, as China's foreign minister visited Seoul.

The launch came only days after it test-fired a new “long-range cruise missile”, which reportedly hit a target 1,500 kilometres away.

Analysts said the timing of Wednesday's launch was an unmistakable signal to Beijing, the North's key diplomatic ally and main partner for trade and aid – although at times their relationship has been deeply strained.

Pyongyang is under a self-imposed blockade after closing its borders early last year to protect itself against the coronavirus pandemic.

The nuclear-armed North fired “two unidentified ballistic missiles” from its central inland area into the sea off its east coast, Seoul's Joint Chiefs of Staff, said.

“South Korean and US intelligence agencies are conducting detailed analysis.”

But the military top brass did not give details of the missiles' range.

The launch coincided with Chinese Foreign Minister Wang Yi's visit to Seoul for talks with his South Korean counterpart.

  • North Korean leader Kim Jong-un reacts during a military parade held to mark the 8th Congress of the Workers' Party of Korea in Pyongyang, North Korea. North Korean Central News Agency (KCNA) / EPA
    North Korean leader Kim Jong-un reacts during a military parade held to mark the 8th Congress of the Workers' Party of Korea in Pyongyang, North Korea. North Korean Central News Agency (KCNA) / EPA
  • North Korean leader Kim Jong-un salutes troops during a military parade. KCNA / EPA
    North Korean leader Kim Jong-un salutes troops during a military parade. KCNA / EPA
  • People wave the national flags as North Korean leader Kim Jong-un, centre top, attends a military parade, at Kim Il-sung Square. KCNA / AP
    People wave the national flags as North Korean leader Kim Jong-un, centre top, attends a military parade, at Kim Il-sung Square. KCNA / AP
  • North Korean leader Kim Jong-un, centre, attends a military parade marking the ruling party congress. KCNA / AP
    North Korean leader Kim Jong-un, centre, attends a military parade marking the ruling party congress. KCNA / AP
  • People attend a military parade celebrating the 8th Congress of the Workers' Party of Korea in Pyongyang. KCNA / AFP
    People attend a military parade celebrating the 8th Congress of the Workers' Party of Korea in Pyongyang. KCNA / AFP
  • A tank unit parades during a military parade marking the ruling party congress. KCNA / AP
    A tank unit parades during a military parade marking the ruling party congress. KCNA / AP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • Pak Jong Chon, chief of the General Staff of the Korean People's Army, during a military parade celebrating the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    Pak Jong Chon, chief of the General Staff of the Korean People's Army, during a military parade celebrating the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • Ri Pyong Chol, left, vice-chairman of the Central Military Commission of the WPK, and Pak Jong Chon, chief of the General Staff of the Korean People's Army, during a military parade celebrating the 8th Congress of the Workers' Party of Korea in Pyongyang. KCNA / AFP
    Ri Pyong Chol, left, vice-chairman of the Central Military Commission of the WPK, and Pak Jong Chon, chief of the General Staff of the Korean People's Army, during a military parade celebrating the 8th Congress of the Workers' Party of Korea in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • North Korean soldiers greet people during a military parade. KCNA / AFP
    North Korean soldiers greet people during a military parade. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    A military parade celebrates the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
  • A new type of submarine-launched ballistic missiles (SLBM) is seen during a military parade. KCNA / EPA
    A new type of submarine-launched ballistic missiles (SLBM) is seen during a military parade. KCNA / EPA
  • Soldiers participate at the military parade held to mark the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / EPA
    Soldiers participate at the military parade held to mark the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / EPA
  • Soldiers raise their national flag during a military parade celebrating the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP
    Soldiers raise their national flag during a military parade celebrating the 8th Congress of the Workers' Party of Korea (WPK) in Pyongyang. KCNA / AFP

Speaking before the news emerged, Mr Wang hoped that all countries would help “peace and stability on the Korean Peninsula”, Yonhap news agency reported.

“For example, not only the North, but also other countries are engaging in military activities.

“Having said this, we all have to work together towards the resumption of dialogue.”

North Korea is under international sanctions for its nuclear weapons and ballistic missile programmes, which it says is necessary to defend itself against a US invasion.

Talks with the US have been stalled since the collapse of a 2019 summit in Hanoi between North Korean leader Kim Jong-un and then-president Donald Trump over sanctions relief – and what Pyongyang would be willing to give up in return.

Mr Kim did not visit China for more than six years after inheriting power from his father and predecessor Kim Jong Il in 2011, and tension mounted in the allies' relationship.

But subsequently, he and Chinese President Xi Jinping met several times, and Beijing considers the North very much part of its sphere of influence.

Yang Soo-jin, a professor at the University of North Korean Studies in Seoul, said Wednesday's launch “looks like North Korea's indirect message and even request to Beijing for the Korean peninsula to be addressed as a central agenda issue for China".

“At the same time, Pyongyang seems to be claiming and stressing that North Korea is taking the lead in the Korean peninsula issue,” he said.

Wednesday's launch came days after the North's official Korean Central News Agency reported that it had test-fired a new “long-range cruise missile” at the weekend, calling it a “strategic weapon of great significance".

Pictures in the Rodong Sinmun newspaper on Monday showed a missile exiting one of five tubes on a launch vehicle in a ball of flame, and a missile in horizontal flight.

Such a weapon would represent a marked advance in North Korea's weapons technology, analysts said, better able to avoid defence systems to deliver a warhead across the South or Japan – both of them US allies.

The missiles fired at the weekend travelled 1,500-kilometres, on two-hour flight paths – including figure-of-eight patterns – above North Korea and its territorial waters to hit their targets, according to KCNA.

Pyongyang is not banned from developing cruise missiles, which it has tested previously.

The North's weapons programmes have made rapid progress under Mr Kim, but it has not carried out a nuclear test or an inter-continental ballistic missile launch since 2017.

The US, Japanese and South Korean envoys on the North met in Tokyo earlier this week. “We hope that the DPRK will respond positively to our multiple offers to meet without preconditions,” Washington's representative Sung Yong-kim said at the time.

The US, he said, was willing to “address areas of humanitarian concerns regardless of progress on denuclearisation”, in keeping with international standards for access and monitoring.

South Korea fires missile

South Korea successfully test-fired a submarine-launched ballistic missile on Wednesday, becoming only the seventh country in the world with the advanced technology, reported AFP.

A missile was fired underwater from the newly commissioned submarine Ahn Chang-ho and flew the planned distance before hitting its target, the presidential Blue House said.

While you're here

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

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Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

UAE currency: the story behind the money in your pockets
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500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

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'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Qosty Byogaani

Starring: Hani Razmzi, Maya Nasir and Hassan Hosny

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The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

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Mercedes-AMG GT 63 S E Performance: the specs

Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor

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Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

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Ferrari 12Cilindri specs

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The specs: 2018 Mercedes-AMG C63 S Cabriolet

Price, base: Dh429,090

Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

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Fuel economy, combined 9.2L / 100km

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Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

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Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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Six tips to secure your smart home

Most smart home devices are controlled via the owner's smartphone. Therefore, if you are using public wi-fi on your phone, always use a VPN (virtual private network) that offers strong security features and anonymises your internet connection.

Keep your smart home devices’ software up-to-date. Device makers often send regular updates - follow them without fail as they could provide protection from a new security risk.

Use two-factor authentication so that in addition to a password, your identity is authenticated by a second sign-in step like a code sent to your mobile number.

Set up a separate guest network for acquaintances and visitors to ensure the privacy of your IoT devices’ network.

Change the default privacy and security settings of your IoT devices to take extra steps to secure yourself and your home.

Always give your router a unique name, replacing the one generated by the manufacturer, to ensure a hacker cannot ascertain its make or model number.

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Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

RESULT

Bayern Munich 5 Eintrracht Frankfurt 2
Bayern:
 Goretzka (17'), Müller (41'), Lewandowski (46'), Davies (61'), Hinteregger (74' og)    
Frankfurt: Hinteregger (52', 55')

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Wayne Rooney's career

Everton (2002-2004)

  • Appearances: 48
  • Goals: 17
     

Manchester United (2004-2017)

  • Appearances: 496
  • Goals: 253
     

England (2003-)

  • Appearances: 119
  • Goals: 53
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Updated: September 15, 2021, 7:59 AM