SEOUL: North Korea said Saturday it was seeking military “equilibrium” with the United States as leader Kim Jong-Un vowed to complete Pyongyang’s nuclear program, which he said had “nearly reached the terminal.”
North Korea successfully fired a Hwasong-12 intermediate-range ballistic missile over Japan on Friday, responding to a new round of UN sanctions over its sixth nuclear test with its furthest-ever missile flight.
“Our final goal is to establish the equilibrium of real force with the US and make the US rulers dare not talk about military option for the DPRK,” leader Kim said, according to a report carried by the official KCNA news agency.
Kim said the country was close to the goal of completing its nuclear ambitions and should use all power at its disposal to finish the task, saying it had “nearly reached the terminal,” the official KCNA news agency reported.
Kim said Friday’s launch, which it described as a drill rather than a test, had increased the North’s “combat power of the nuclear force,” KCNA reported.
“We should clearly show the big power chauvinists how our state attain the goal of completing its nuclear force despite their limitless sanctions and blockade,” Kim said, according to KCNA.
The UN Security Council condemned Friday’s launch as “highly provocative” and US President Donald Trump scheduled talks with the leaders of Japan and South Korea to address the crisis.
The US Pacific Command confirmed Friday’s rocket was an intermediate range ballistic missile (IRBM) and said it did not pose a threat to North America or to the US Pacific territory of Guam, which Pyongyang has threatened with “enveloping fire.”
Seoul’s defense ministry said it probably traveled around 3,700 kilometers (2,300 miles) and reached a maximum altitude of 770 kilometers.
Yang Uk, an analyst with the Korea Defense and Security Forum, told AFP that Kim’s stated ambition of achieving a military balance was some way off.
“It’s too unrealistic for North Korea to reach equilibrium in nuclear force with the US,” he said.
The North has raised global tensions with its rapid progress in weapons technology under Kim, who is regularly pictured by state media overseeing launches and visiting facilities.
“The latest launch, which was apparently made from a TEL (transporter erector launcher or missile vehicle) instead of a makeshift launch pad, means the North is now ready to deploy the IRBM Hwasong-12 for combat purposes,” he said.
North Korea’s official party newspaper Rodong Sinmun allocated half its coverage to publishing pictures of the launch, showing the missile being launched from TEL.
“The North appears to have resolved technical difficulties in launching the missiles from TELs. With its mobility being increased, Hwasong-12 poses an imminent threat to the US and its allies in the region,” he said.
The North’s previous missile launch, a Hwasong-12 IRBM just over two weeks ago, also overflew Japan’s main islands and was the first to do so for years.
“Within three to five years, the North is expected to be capable of operating nuclear missiles as deterrence,” Yang Uk added.
Russian President Vladimir Putin and his French counterpart Emmanuel Macron jointly appealed for talks with North Korea, saying this was the only way to resolve tensions over its nuclear program.
The appeal was directed at the United States and Japan, countries calling to ramp up pressure through sanctions rather than pin hopes on talks.
Russia and China, North Korea’s main ally, on Monday backed a US-drafted resolution at the Security Council to impose fresh sanctions on Pyongyang — but they maintain dialogue is key to defuse the crisis.
The sanctions imposed on Monday banned the North’s textile trade, stopped new work permits for its laborers, and imposed restrictions on shipments of oil products, among other measures.
In response to Friday’s launch, South Korea’s military immediately carried out a ballistic missile drill of its own, with the defense ministry saying it took place while the North’s rocket was still airborne.
President Moon Jae-In told an emergency meeting of Seoul’s national security council that dialogue with the North was “impossible in a situation like this.”
But unless something changes, it is likely the tests will continue, said Professor Yang Moo-Jin of the University of North Korean Studies.
“There is high possibility that the North may test-fire another ICBM by the end of this year to prove it has mastered the technology,” he said.
North Korea seeks ‘equilibrium’ with US, says nuclear capability nearly complete
North Korea seeks ‘equilibrium’ with US, says nuclear capability nearly complete
Britain needs ‘AI stress tests’ for financial services, lawmakers say
- Lawmakers urge AI-specific stress tests for financial firms
LONDON: Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to publish detailed guidance by the end of 2026 on how consumer protection rules apply to AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.
TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’
A race among banks to adopt agentic AI, which unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the FCA told Reuters late last year.
About three-quarters of UK financial firms now use AI. Companies are deploying the technology across core functions, from processing insurance claims to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.
