INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

North Korea to launch three more spy satellites next year

North Korean seeks to boost its military capabilities with the new launch. (AFP)
  • Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was providing images of major US and South Korean military sites
  • Inter-Korean relations are in poor state as Seoul and Washington ramped up defense cooperation this year after record-breaking series of weapons tests by Pyongyang

Seoul, South Korea – North Korea plans to launch three more spy satellites in 2024 as part of efforts to ramp up the country’s military, state media reported Sunday.

“The task of launching three additional reconnaissance satellites in 2024 was declared” as one of the key policy decisions for next year at a year-end party meeting, the official KCNA news agency said.

Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was providing images of major US and South Korean military sites.

The five-day meeting, which ended Saturday, was attended by North Korean leader Kim Jong Un.

At the meeting, Kim said he would no longer seek reconciliation and reunification with South Korea, noting “a persisting uncontrollable crisis situation” on the peninsula, saying it was triggered by Seoul and Washington.

Inter-Korean relations are in a poor state as Seoul and Washington have ramped up defense cooperation this year in the face of a record-breaking series of weapons tests by Pyongyang.

“I believe that it is a mistake that we should no longer make to consider the people who declare us as the ‘main enemy’… as a counterpart for reconciliation and unification,” KCNA cited Kim as saying.

Kim ordered the drawing-up of measures for reorganizing departments handling cross-border affairs, to “fundamentally shift the direction”.