North Korea fires ballistic missile

South Korea's Kospi index is heading for a fresh record trading 0.41% higher

According to the South Korean military, North Korea launched a missile today (Monday) that landed within Japan's Exclusive Economic Zone, an area in the Sea of Japan.

North Korea has fired what appears to be a ballistic missile towards Japan.

As reported by The Associated Press, South's Joint Chiefs of Staffs said that the suspected Scud-type missile was launched from Wosnan and it flew for about 280 miles. But many analysts say Moon won't likely push for any major rapprochement projects because North Korea has gone too far on its nuclear program. "The North [Korea] should stop all provocations immediately and move toward the denuclearization path as quickly as possible", the ministry said in a statement, as quoted by the Yonhap news agency.

Besides its regular ballistic missile test-launches, the North carried out two of its five nuclear tests previous year - in January and September.

China reiterated that UN Security Council resolutions had "clear rules" about North Korean missile activities and it urged Pyongyang not to contravene them.

The launch comes in fresh defiance of tough talk from US President Donald Trump, who promised last week at the G7 summit that the "big problem" of North Korea "will be solved".

Japan was quick to condemn the new missile launch as was South Korea, whose new president has said he wants better relations with North Korea.

There was no immediate comment from North Korea's state controlled media. "In order to deter North Korea, we will take concrete action with the United States", he said.

"As we agreed at the recent G7, the issue of North Korea is a top priority for the global community", Abe told reporters on Monday, according to Reuters.

"We always assume that, with a testing program, they get better with each test", U.S. Secretary of Defense Jim Mattis told CBS' "Face the Nation".

The Trump administration, while serving up strong words against the North and its leader Kim Jong Un, has yet to come out with a firm policy on how to react to Pyongyang.

"Japan absolutely can not tolerate North Korea's repeated provocative actions".

North Korea fired a short-range ballistic missile Monday morning that landed in the ocean, the United States military said.

Earlier in May, North Korea tested the Pukguksong-2 intermediate range ballistic missile.

Military analysts speculate that Pyongyang may be attempting to develop ballistic missiles capable of targeting American aircraft carriers at sea.

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