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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: North Korea finalising launch preparations Reuters - Saturday, April 4 By Jon Herskovitz and Sean Maguire ADVERTISEMENT SEOUL/LONDON - North Korea is readying a controversial rocket for launch as early as Saturday, officials said, pushing ahead with a plan widely seen as a disguised long-range missile test. "I think it's almost certain North Korea will fire the missile," South Korean President Lee Myung-bak told a small group of reporters in London where he had attended the G20 summit. North Korea has said it will send a satellite into space between Saturday and Wednesday, and insists it has the right to do so as a part of a peaceful space programme. Analysts said the launch helps North Korean leader Kim Jong-il shore up support after a suspected stroke in August raised questions of his grip on power, and bolsters his hand in using military threats to wrangle concessions from global powers. Lee said on Friday Kim's health appeared to be improving and that he looked to have a continued hold on power. South Korea and Japan say the launch is a disguised test of the long-range Taepodong-2 missile, which is designed to carry a warhead capable of reaching U.S. territory but which blew apart about 40 seconds after launch during its only test flight in July 2006. Weather permitting, the launch could take place as early as Saturday, Lee said. A U.S. defence official has also said the North's actions were consistent with an April 4 launch. Cloudy skies and moderately strong winds are forecast for Saturday. FURTHER PUNISHMENT The United States, South Korea, and Japan are pushing for U.N. punishment for the launch they say violates U.N. resolutions that ban further ballistic missile since the previous Taepodong-2 test and the North's only nuclear test in October 2006. Several Security Council diplomats told Reuters on condition of anonymity that no one was considering imposing new sanctions for the launch but the starting point could be discussing a resolution for the tougher enforcement of earlier sanctions. China, the closest thing North Korea can claim as a major ally and veto-wielding Security Council member, is almost certain to block any new sanctions as well oppose the tightening of existing sanctions that are supposed to halt most arms sales and the import of luxury goods, analysts said. Japanese Prime Minister Taro Aso told Chinese President Hu Jintao during the G20 summit in London that if the launch went ahead, there should be a new U.N. resolution, the Yomiuri newspaper reported in its online edition. Hu showed "some understanding" of Japan's concerns but did not give a clear reply, the paper said. Financial markets in South Korea, accustomed to the North's military taunts over the years, have shrugged off the impending launch. The last test led to a temporary fall in the Japanese yen, a drop in Seoul shares and small increase in gold prices. SAVING FACE Brian Myers, a professor at the South's Dongseo University who is an expert on the North's state ideology, said leader Kim needs these to show defiance and military strength to compensate for his state's economic failures. "When you are unable to feed your people, if you cannot give them food, you have to at least give them pride. If he is unable to do that, then he does face a legitimisation crisis," he said. Japan has sent missile-intercepting ships along the rocket's flight path said it could shoot down any debris such as falling booster stages that threatens to strike its territory. Japan, the United States and South Korea said they have no plans to shoot down the rocket unless it threatens their territory. Experts said escalating tensions could threaten North Asia, which accounts for about one-sixth of the global economy. But that has not stopped the North from making threats. It said any attempt to intercept the missile will be considered an act of war and any U.N. punishment could be met by a resumption of its plant that makes arms-grade plutonium. The North will be dependent on reports from the United States and Japan to tell it how far its rocket went because the impoverished state does not have a radar system that can detect objects beyond 1,000 km , the South Korean daily JoongAng Ilbo quoting a military official as saying. The Taepodong-2, with an estimated range of around 6,700 km , is supposed to fly over Japan, dropping boosters to its west and east on a path that takes it southwest of Hawaii. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Anti-India protesters, police clash in KashmirAP - 1 hour 19 minutes ago Sri Lanka troops take key village, kill 57 rebelsAFP - 1 hour 33 minutes ago Diplomats scurry to scuttle NKorean rocket launchAP - 1 hour 34 minutes ago S.Korea expects N.Korea rocket launch on SaturdayAFP - 1 hour 46 minutes ago SKorean business chief denied access to detained employeeAFP - 1 hour 52 minutes ago Most Popular – Asia Pacific Viewed Guantanamo 'soooo beautiful!' 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