About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “North Korea’s Kim Jong Un Rolls Out Submarine-Launched Ballistic Missile” – below is their description.
Kim Jong Un has rolled out a lot of new missiles in recent months, including at least one more this week. The next step is for him to fire them into the air to get President-elect Joe Biden’s attention.
The North Korean leader paraded a new submarine-launched ballistic missile through central Pyongyang Thursday as part of a military pageant to mark the completion of more than a week of ruling party meetings. The Pukguksong-5 — the largest in an growing line of solid-fueled nuclear missiles — moves Kim closer to a opening a maritime front in his strategic struggle with the U.S.
The new missile comes only four months after Kim unveiled a smaller version of the same rocket at a similar military parade in October. That event also featured a massive new intercontinental ballistic missile, which is believed to be the world’s largest road-mobile weapon of its sort.
The problem for Kim is that many of these new systems haven’t been proven, diminishing their value as a deterrent against an American attack. If Kim wants to achieve the ambitious nuclear program he outlined at Workers’ Party gatherings this month, he’ll need to start launching soon.
“I am certain we will see tests in the near future,” said Melissa Hanham, a non-proliferation expert and an affiliate with the Stanford Center for International Security and Cooperation.
North Korea hasn’t fired off an ICBM since November 2017, when Kim moved to open communications with U.S. President Donald Trump. Kim has already declared an end to the testing freeze he put in place to facilitate talks with Trump and earlier this week reaffirmed that the U.S. was his “biggest main enemy.”
The next launches may illustrate how rapidly North Korea has developed its nuclear delivery systems over the past few years, despite tough international sanctions and Trump’s three face-to-face meetings with Kim. The provocations may also help pressure the Biden administration into making concessions.
North Korea tested President Barack Obama with the launch of a long-range rocket and a nuclear device within months after he took power in 2009. He welcomed Trump with a series of tests culminating with the launch of an ICBM that experts said could deliver a nuclear warhead to the entire U.S.
“The Biden administration need not accept this as a done deal,” said Ankit Panda, a Stanton senior fellow in the Nuclear Policy Program at the Carnegie Endowment for International Peace. “An early signal from the U.S. could stay Kim’s hand, but Biden would have to offer a clearly valuable inducement, like the prospect of sanctions relief.”
The Biden administration has indicated it may be ready to ease sanctions in exchange for steps by Kim to freeze, cap and wind down his atomic arsenal. This could help Kim fix an economy that has only gotten smaller since he took power about a decade ago.
Kim has vowed never to surrender the nuclear arsenal he views as key to his regime’s survival. Each new missile helps bolster his argument that the U.S. should drop its demands for “final, fully verified denuclearization” and accept North Korea as a nuclear-armed state.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Arsenal
Arsenal F.C. is a football club which is based in North London. Arsenal play their home matches at the Emirates Stadium.
5 Recent Items: Arsenal
In This Story: Barack Obama
Barack Obama is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and an Illinois state senator from 1997 to 2004.
Obama left office in January 2017 and continues to reside in Washington, D.C.
3 Recent Items: Barack Obama
In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
5 Recent Items: Donald Trump
In This Story: Kim Jong Un
Kim Jong-un is a North Korean politician who has been the supreme leader of North Korea since 2011 and leader of the Workers’ Party of Korea since 2012. He is the second child of Kim Jong-il, who was North Korea’s second Supreme Leader from 1994 to 2011, and Ko Yong-hui.
6 Recent Items: Kim Jong Un
In This Story: North Korea
Pyongyang is the country’s capital and largest city.