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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters North Korea may fire more missiles: report Thu Jul 2, 2009 9:48pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jack Kim SEOUL (Reuters) - North Korea may test mid-range missiles or fire more short-range missiles to step up saber rattling that has raised regional tension, a South Korean daily said on Friday. The North fired four short-range missiles on Thursday, which follows a rocket launch in April that boosted its long-range missile capability and a nuclear test on May 25 that put it closer to having a working atomic bomb. "Their behavior continues to be unpredictable, although the activity we've seen today was not unexpected," Pentagon spokesman Bryan Whitman said. South Korea's JoongAng Ilbo newspaper said more test firings could be on the way. " ... as a military demonstration for external purposes, there is a possibility of additional medium or short-range missile launches, so we're close observing the situation," it quoted a military official in the South as saying. The North often times its short-range missiles launches with periods of diplomatic friction and on Thursday Philip Goldberg, the U.S. envoy who coordinates sanctions against the North, was in China to enlist Beijing's help in getting tougher with North Korea. China is the North's biggest benefactor and trade partner whose help would be essential for an effective sanctions regime, analysts said. Asian investors have grown used to North Korea's military moves and tend not to be fazed. The won was down early on Friday against the dollar as the missile launch weighed on sentiment. In early Friday stock trading, some defense related issues were up led by Victek, a parts maker of military equipment, which rose 7.14 percent. "North Korea's firing of short-range missiles is another negative, though I do not expect a drastic windfall in shares for that," said Choi Seong-lak, a market analyst at SK Securities. Japan also had little reaction to the launches. "We don't think they have caused major problems for our security," Chief Cabinet Secretary Takeo Kawamura told a news conference on Friday. BUILDING SUPPORT AT HOME Officials said the North's military grandstanding was likely related to moves by its leadership to begin readying leader Kim Jong-il's youngest son as a heir in the communist dynasty by consolidating the 67-year-old leader's power base. The salvo on Thursday started with two surface-to-ship missiles fired off North Korea's east coast that flew about 100 km (60 miles) and splashed into the sea, a South Korean defense official said. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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