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October 12, 2020

North Korea displays unseen ICBMs in military parade

North Korea has displayed previously unseen intercontinental ballistic missiles (ICBMs) at a military parade in the capital of Pyongyang.

North Korea has displayed previously unseen intercontinental ballistic missiles (ICBMs) at a military parade in the capital of Pyongyang.

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The ‘massive’ missile was carried by an 11-axle truck and would be one of the largest road-mobile ICBMs globally if it becomes operational, analysts told Reuters.

The night-time military parade was held to celebrate the 75th anniversary of the ruling Workers’ Party.

The reclusive nation often uses military parades to unveil new missiles and other weaponry.

In the event, Hwasong-15, the longest-range missile ever tested by the country and, reportedly, a submarine-launched ballistic missile (SLBM) were also displayed.

According to experts, the larger missile could be designed to carry multiple independent reentry vehicles (MIRVs) that will enable it to attack several targets minimising interception risks.

However, it is not confirmed if the missile displayed in the parade is a prototype or a conceptual model.

Former US intelligence officer for North Korea Markus Garlauskas told the news agency that the new ICBM is displayed to eliminate doubts about North Korea’s capability to strike the continental US.

The parade also featured North Korean troops, conventional weaponry, tanks and fighter jets.

This is the first time that North Korea displayed a ballistic missile since the beginning of denuclearisation talks between the US and North Korea.

A senior US official termed the display as ‘disappointing’.

Earlier this year, North Korea tested two short-range ballistic weapon systems.

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Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GD50 ADS
Enter your details here to receive your free Report.

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