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RED ALERT- North Korea Prepares for Possible ICBM Launch, South Says

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Market Investor — RED ALERT- North Korea Prepares for Possible ICBM Launch, South Says — South Korea detected that North Korea is continuing to prepare for a possible intercontinental ballistic missile launch, a move that would further raise tensions a day after it conducted its sixth and most powerful nuclear detonation.  Chang Kyung-soo, acting chief of the defense ministry’s policy planning office, told lawmakers on Monday that North Korea was making preparations for a missile firing, but didn’t give a timeframe for a potential launch. The yen extended gains against the dollar after the news.

Read More: North Korea Fires Missile Over Japan in ‘Unprecedented’ Act

South Korea’s spy agency said there is a chance North Korea could fire an ICBM into the Pacific Ocean, adding that the isolated state was able to conduct a nuclear test at any time, the Yonhap news agency reported. North Korea had threatened last month to launch missiles toward Guam, which prompted warnings of retaliation from American military officials.