North Korea announced a nuclear bomb test

Firstly a bomb targeted in the sea area between South Korea and Japan and now the announcement of nuclear weapon test, North Korea’s recent actions are shocking the word while the leaders in Hangzhou taking the G-20 summit. It is the 5th time for the country to test nuclear weapons and the government confirmed its ability to produce miniaturized nuclear arms.

In a statement on state-run television, Pyongyang said no radiation was leaked in the blast. The official Korean Central News Agency said the detonation of a nuclear warhead showed the regime had the ability to attach atomic weapons to rockets.

“The standardization of the nuclear warhead will enable the DPRK to produce at will and as many as it wants a variety of smaller, lighter and diversified nuclear warheads of higher strike power,” KCNA said, using the acronym for North Korea. “This has definitely put on a higher level the DPRK’s technology of mounting nuclear warheads on ballistic rockets.”

South Korean President Park Geun Hye condemned the test — calling it an action of “maniacal recklessness” — and warned Kim Jong Un’s moves would lead to North Korea’s self-destruction. The blast set off an artificial earthquake around 9:30am Seoul time, with the defense ministry saying the explosion was 10 kilotons. The United States Geological Survey put the quake magnitude at 5.3.

The miniaturization of the warhead, if true, would be a major leap for North Korea’s nuclear ambitions. North Korea said after its third test in 2013 it had created nuclear missiles capable of reaching the U.S., but produced little proof, drawing skepticism from arms experts. In March it unveiled images of what it called a miniaturized warhead.

Pyongyang said after its January test it had detonated a hydrogen bomb for the first time. That was never verified and some nuclear experts and the U.S. cast doubt on the claim.

Korean stocks and the won fell Friday — with the Kospi Index down 1.3 percent — though analysts said the reaction was somewhat muted. However, for companies who have the operations in South Korea, the information about this nuclear weapon seems really make difference this time. Threats from North Korea are touching a new high according to the frequencies of bomb launching and nuclear weapons testing in North Korea. Currently, it seems like investing in in South Korea is not a good idea even though the country is reputed for its consistent unite and good economy.

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