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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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North Korea

North Korea Fires Short-Range Projectiles After the UN Implements New Sanctions

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March 3, 2016, 4:24 AM ET
<> on December 22, 2011 in Panmunjom, South Korea. U.S. and South Korean defense intelligence reports today suggest that the transition of power in North Korea is going smoothly following the death of North Korean leader Kim Jong Il of a heart attack Saturday. His death has brought concerns about instability in the Korean Peninusla, with heavy attention being paid to the movements of the country's 1.2 million military personnel. State media has released imagery of North Korean's weeping and mourning at the main square in Pyongyang as citizens participate in an the state-wide 11-day mourning period culminating in a national memorial service December 28-29.
Photography by Chung Sung—Getty Images
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North Korea fired several short-range projectiles into the sea on Thursday, hours after the United Nations Security Council voted to impose tough new sanctions on the isolated state and South Korean President Park Geun-hye vowed to “end tyranny” by the North’s leader.

The firing escalated tensions on the Korean peninsula, which have been high since the North’s January nuclear test and February long-range rocket launch, and set the South’s military on a heightened alert.

South Korea’s Defense Ministry said it was trying to determine if the projectiles, launched at 10 a.m. from the North’s east coast, were short-range missiles or artillery fire.

Chinese Foreign Ministry spokesman Hong Lei, asked about the projectiles, said China hoped all parties could refrain from actions that escalate tension.

Park has been tough in her response to the North’s recent actions, moving from her earlier self-described “trustpolitik” approach, and on Thursday welcomed the move by the Security Council and repeated her call for the North to change its behavior.

“We will cooperate with the world to make the North Korean regime abandon its reckless nuclear development and end tyranny that oppresses freedom and human rights of our brethren in the North,” Park said at a Christian prayer meeting on Thursday.

Also on Thursday, South Korea adopted a long-delayed security law to set up an anti-espionage unit that was passed by parliament late on Wednesday, and another law aimed at improving human rights in North Korea.

 

Last month, Seoul suspended the operation of a jointly run factory project with the North that had been the rivals’ last remaining venue for regular interaction.

In its latest barrage of insults against the South’s leader, the North’s official media carried a commentary on Wednesday likening Park to an “ugly female bat,” fated to “die in the dreary cave, its body hanging down.”

North Korea faces harsh new sanctions for its nuclear weapons program under the resolution passed unanimously by the Security Council on Wednesday, drafted by the United States and backed by the North’s main ally, China.

The resolution, which dramatically expands existing sanctions, follows the North’s fourth nuclear test on Jan. 6 and a long-range rocket launch on Feb. 7, which the United States and South Korea said violated existing Security Council resolutions.

The North says it was its sovereign right to launch rockets as part of a space program to put satellites into orbit.

(Additional reporting by Jessica Macy Yu in BEIJING; Editing by Tony Munroe and Alex Richardson)

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