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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 Environment 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 scraps nuclear deal Tue Apr 14, 2009 3:00am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jon Herskovitz SEOUL (Reuters) - North Korea said on Tuesday it was no longer bound by an international nuclear disarmament deal and would re-start its plant that makes bomb-grade plutonium after the U.N. chastised it for launching a long-range rocket. The U.N. Security Council on Monday unanimously condemned North Korea's launch nearly two weeks ago as contravening a U.N. ban, and demanded enforcement of existing sanctions against Pyongyang. Markets in Seoul and Tokyo were unfazed by the latest news from North Korea seeing it as part of its usual saber rattling. The U.N. measures for a launch widely seen as a disguised test of a long-range missile will have little immediate impact on the North's faltering economy and the divided international response could embolden leader Kim Jong-il, analysts said. North Korea said the six-country nuclear talks "have become useless," and it "will no longer be bound by any agreement being made at the six-party talks," its KCNA news agency quoted its Foreign Ministry as saying. "We will actively consider building our own light-water nuclear reactor, will revive nuclear facilities and reprocess used nuclear fuel rods," the ministry said. Experts said it lacks the technology to make an advanced light-water reactor. North Korea began taking apart its Soviet-era Yongbyon nuclear plant more than a year ago as a part of a disarmament-for-aid deal it reached with China, Japan, Russia, South Korea and the United States. Japan urged North Korea to return to the often-stalled nuclear talks while Russia's Foreign Ministry said it regretted Pyongyang's decision. The steps in total were aimed at taking a year to reverse but experts said the North could have its plant that separates plutonium from spent fuel rods up running again in as little as three months. "North Korea's statements are always a mixture of bluff and real threats, but I think the threats are more real this time, and I think they'll continue for the next few months at least," said Shi Yinhong, a regional security expert at Renmin University in Beijing. CHINA AND NORTH KOREA Announcements like this from North Korea are part of a familiar pattern of behavior, and as such it is not likely to be a destabilizing factor for regional economies. "Market players have come to view belligerent North Korean statements as bargaining ploys that are not to be taken at face value," said Tim Condon, an economist at ING Financial Markets in Singapore. Analysts said China, which shares a border with North Korea and is the closest thing Pyongyang can claim as a major ally, is unlikely to use its crucial position of enforcing U.N. sanctions in order to avoid destabilizing its destitute neighbor. Chinese officials had called for restraint for what many saw as a disguised test of a long-range missile but by now joining the condemnation, Beijing has stoked uncertainty about how it intends to balance ties with Pyongyang against pressure from regional powers, which could have long-term implications. Continued... 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Korea 13 Apr 2009 Japan urges North Korea to resume nuclear talks 12:18am EDT ANALYST VIEW: North Korea says to re-start nuclear arms plant 1:15am EDT SNAP ANALYSIS: North Korea set for series of provocations 1:20am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video FEATURE-More Americans wary of U.S. tax man this year WRAPUP 5-Somali militants fire at U.S. lawmaker Democrat wins round in Minnesota U.S. Senate race Porn star Marilyn Chambers dead at 56 North Korea scraps nuclear deal U.S. muscle won't deter hardcore Somali pirates UPDATE 1-Dendreon to unveil Provenge prostate cancer data "Value-trap" eBay vs "priced to perfection" Amazon TOPWRAP 2-Goldman profit tops f'casts; Singapore devalues dlr Troops, protesters face off at Thai PM's office Most Popular Articles RSS Feed Video 'Heroes': Captain's wife Latin American fence mending A new era for US-Cuba relations? 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