Fox Business - The Power to Prosper
Search Site

North Korea Fires Artillery Shells

Seoul Lashes Back at North Korea

South Korea said Monday it would speed up plans to develop missile-defense systems, as President Park Geun-hye called for "strong retaliation" against any provocations by the North.The latest retorts from Seoul to heightened war rhetoric from Pyongyang underscore an increasing willingness in South Korea to respond rapidly and with heavy force to any attacks."Our military exists to defend our nation and its people from such threats," Ms. Park said at a Defense Ministry briefing on policy plans for this year. "If [the North] stages any provocation against our people, you should make a strong and swift response in initial combat without any political considerations."Meanwhile, North Korea's parliament, in its annual one-day session on Monday, reaffirmed a commitment to developing nuclear weapons, further rocket launches and the country's existing economic model--despite the return of Pak Pong Ju, an official considered an economic reformer to the post of premier.Mr. Pak, who is known to h...

Read More

  1. Global Jitters, Fund Probe Haunt Wall Street

    FOX Business: The Power to ProsperThe Dow suffered a triple-digit decline on Tuesday as Wall Street was spooked by a wave of bad news, including new tensions between...

  2. Implications of Korea’s Border Battle

    Former U.S. Ambassador to the UN John Bolton discusses how the White House should handle the situation in North Korea .

  3. Korea Talks Tough After North Korea Artillery Attack

    South Korea warned North Korea on Tuesday of "enormous retaliation" if it took more aggressive steps after Pyongyang fired scores of artillery shells at a South Kore...

  4. Gold Eases as Eeak Euro Snuffs Out Safe-Haven Bid

    Gold eased on Tuesday as weakness in the euro stemming from the European debt crisis offset any potential price gains from a major exchange of artillery fire on the ...

  5. Korean Tension Impacting Foreign Markets

    FBN's Connell McShane breaks down the impact of the artillery attack on a South Korean island by North Korea .

  6. Futures Fall on Ireland Concerns, North Korea Tensions

    FOX Business: The Power to ProsperU.S. markets were poised for a lower open Tuesday as lingering investor concerns over Ireland's financial situation was further com...

  7. Oil Rises Above $81, Weak Dollar Supports

    Oil climbed above $81 a barrel on Monday, extending last week's two percent rise, as weakness in the dollar and geopolitical tensions continued to provide support, d...

  8. Tips for Investing in Unstable Environments

    Corina Monaghan, vice president of political risk for Aon Risk Services, on doing business in volatile countries and markets.

  1. How Will Markets React to Kim Jong Il’s Death?

    Author Gordon Chang on the death of the North Korean leader and future of the country’s government.

  2. North Korea Hacker Threat Grows as Cyber Unit Grows: Defector

    Secretive North Korea is scouring its universities for computer prodigies to send overseas for training as part of a plan to expand its cyber warfare unit, a defecto...

  3. How Dependent is China on the U.S. Economy?

    "The Coming Collapse of China" author Gordon Chang on the outlook for the U.S.’s economic relationship with China.

  4. Taking on China's Financial Power

    FNC contributor John Bolton on why other countries such as the U.S. should not cower financially or politically to China.

  5. How the U.S. Should Handle North Korea

    Author Gordon Chang on the growing tensions on the Korean Peninsula .

  6. Morici: Blame China for Korean Conflict

    University of Maryland economist Peter Morici explains why Chinese mercantilism is making a mess for the U.S.

  7. Washington’s Reaction to N. Korea's Attack

    FBN’s Rich Edson breaks down the Obama Administration’s efforts to calm rising tensions at the Korean border.

Freebase CC-BY
Source: North Korea Fires Artillery Shells on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL