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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 launch long-range missile in weeks: report Mon Jun 1, 2009 6:17am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jon Herskovitz SEOUL (Reuters) - North Korea may this month test a missile designed to fly as far as U.S. territory and may also be gearing up for skirmishes with the South around their disputed sea border, South Korean news reports said on Monday. Last week, North Korea conducted a nuclear test that put it closer to having a working atomic bomb, test-fired a barrage of short-range missiles and threatened to attack the South, raising tension to one of its highest levels since the 1950-53 Korean War. In a move that could cause further diplomatic friction, North Korea will put on trial on Thursday two U.S. journalists it arrested on its border with China several months ago and charged with committing "hostile acts". Analysts see Pyongyang's growing belligerence as an attempt to bolster the position of leader Kim Jong-il, whose suspected stroke last August raised questions about his grip on power. The isolated and impoverished state's actions are also seen as bids to improve its weaponry and put pressure on regional powers to consider giving it money in exchange for disarmament. North Korea is preparing to launch an intercontinental ballistic missile (ICBM) with an estimated range of 2,500-4,000 miles from a west coast base, the daily JoongAng Ilbo cited South Korean intelligence sources as saying. "Preparations for the launch are likely to be completed in mid-June," one intelligence source said. Government officials would not confirm the reports. Train cars carrying a missile left about two weeks ago for a missile base on the North's west coast, the sources said. Investors said recent developments have raised concern about the threat posed by the North, but they have not had a sustained impact on financial markets and indeed foreign investors have been net buyers of Seoul shares for 12 consecutive sessions. Ratings Agency Moody' said a rocket launch in April and last month's nuclear test showed the risks posed to the region, but added: "We also consider that the stable outlook on South Korea's A2 sovereign ratings remains appropriate. The main South Korean index has risen by about 9 percent since the rocket launch. TROUBLES AT SEA The prickly communist state has threatened to test-fire an ICBM if the U.N. Security Council does not apologize for tightening sanctions after the April rocket launch. The United States and Japan agreed on Monday they cannot accept a nuclear-armed North Korea, saying they were deeply concerned about recent "destabilizing" actions by the state. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: U.N. rights team probes Israel's Gaza offensive Afghanistan and Pakistan Fighting the Taliban A growing insurgency in Afghanistan is also spreading deep into Pakistan, making both countries crucial to U.S. war efforts in the region. Full Coverage More International News Air France plane crashes into Atlantic with 228 aboard | Video Militants kidnap 300 students, others in Pakistan | Video U.N. rights team probes Israel's Gaza offensive Rebel Georgian region holds election, tension builds "Reality show" hogs vital EU vote for Berlusconi More International News... Video U.S. 'opposes' nuclear North Korea Play Video More Video... Related News U.S. not seeking alternative to 6-party talks, for now 3:33am EDT U.S., Japan say won't accept nuclear-armed N.Korea 6:17am EDT FACTBOX: A look at North's Korea's international finances 4:33am EDT Featured Broker sponsored link Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Air France plane crashes into Atlantic with 228 aboard | Video Federal Reserve puzzled by yield curve steepening GM files for bankruptcy, Chrysler sale cleared | Video Suspect captured in killing of Kansas abortion doctor | Video WRAPUP 4-GM files for bankruptcy, Chrysler sale cleared North Korea may launch long-range missile in weeks: report | Video British Internet talent star Susan Boyle taken to clinic CORRECTED - UPDATE 6-Air France plane crashes into Atlantic Last contact with Air France jet off Brazil coast Missing Air France flight has 228 people on board Most Popular Articles RSS Feed Video Air France airliner disappears West Bank fighting kills six Titanic's last survivor dies US abortion doctor shot dead Police detain anti-Putin protesters Colombian politician kidnapped Man held over abortion doctor murder Suu Kyi trial internal affair. 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Commentary Follow Bernd Debusmann on Twitter We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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