• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
LeadershipPolitics

North Korea Launches Two Short-Range Missiles, South Korea Says

By
Youkyung Lee
Youkyung Lee
,
Shinhye Kang
Shinhye Kang
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Youkyung Lee
Youkyung Lee
,
Shinhye Kang
Shinhye Kang
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
May 9, 2019, 6:19 AM ET
SKOREA-NKOREA-US-DIPLOMACY-DEFENCE
People watch a television news programme showing a picture of North Korean leader Kim Jong Un, at a railway station in Seoul on May 9, 2019. - North Korea welcomed a US envoy's visit to Seoul by firing at least one projectile for the second time in just six days on May 9, the South's military said, as Pyongyang seeks to up the ante in deadlocked nuclear negotiations with Washington. JUNG YEON-JE AFP/Getty ImagesJung Yeon-Je—AFP/Getty Images
Add Fortune on Google for similar content.
North Korea fired two short-range missiles Thursday, South Korea said, an act of defiance that marks the country’s second test launch of weapons in less than a week.

North Korea launched a short-range missile from the country’s northwest Kusong region at 4:29 p.m. and then another short-range missile at 4:49 p.m., South Korea’s Joint Chiefs of Staff said in a statement. Both missiles flew east over the Korean Peninsula, with the first one traveling 420 kilometers (260 miles) and falling into the sea, the joint chiefs said. The second flew 270 kilometers and fell on land.

The tests follow increasingly impatient demands for sanctions concessions from North Korean leader Kim Jong Un in the wake of his failed February nuclear summit with U.S. President Donald Trump. Adding to the diplomatic pressure was the presence of the U.S.’s top nuclear envoy, Stephen Biegun, who was in Seoul meeting with South Korean officials Thursday.

The launches come six days after Kim supervised a military exercise in which he fired off several projectiles, including what non-proliferation experts believed was a short-range ballistic missile. While South Korean officials had played down the earlier tests, saying they were not a provocation, President Moon Jae-in was more critical to Thursday’s launches.

“I’d like to warn that if such tests continue, it could hurt dialogue,” Moon said in a live interview with broadcaster KBS TV on Thursday, the eve of his second anniversary in office. “North Korea appears to have significant frustration that the Hanoi summit ended without a deal. It is protesting to the United States and South Korea.”

The return to missile testing after a lull of 17 months challenges Trump’s decision to continue talks with Kim, since the U.S. president has often cited the lack of such provocations as evidence his approach was working. Although the weapons tested stopped short of breaching Kim’s pledge to refrain from launching longer-range missiles that could threaten U.S. territory, they violate United Nations resolutions banning North Korea from firing off ballistic missiles of any kind.

North Korea, which had been complaining about U.S. and South Korean joint military drills, called Saturday’s test a “reasonable strike drill” for its combat readiness, according to the state-run Korean Central News Agency. U.S. and South Korean officials appeared determined not to let the first transgression scuttle talks, with Moon’s office saying that he and Trump agreed in a telephone call that the approach was “effective.”

Still, non-proliferation experts said the strategy risked encouraging Kim to conduct more tests. The latest incident bolstered those concerns.

“Since the U.S. response was low-key, North Korea appears to think that this level of test would not cause problems and it can continue the tests,” said Jina Kim, a research fellow at Korea Institute for Defense Analyses.

The Kusong area has been a focal point of discussions around North Korea’s armaments for the past two years.

In February 2017, North Korea launched a Polaris-2 missile from a testing ground in Kusong, according to the James Martin Center for Nonproliferation Studies. Later that year — about a week after Moon became president — the regime fired off a Hwasong-12 from a second facility in the area. Both missiles have ranges that could strike Japan.

Then, just before Kim’s first summit with Trump last June, analysis of satellite imagery by the website 38 North showed that Kim was razing facilities in the area used to test missile ejections. Trump said after meeting Kim it was a “big thing” to have missile facilitates destroyed.

Cheong Seong-Chang, vice president for research planning at the Sejong Institute, said the tests were likely intended to appease domestic constituencies, such as military hawks, not satisfied with nuclear talks.

“North Korea is likely to continue testing short-range missiles,” Cheong said.

About the Authors
By Youkyung Lee
See full bioRight Arrow Button Icon
By Shinhye Kang
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Photo of David Solomon
SuccessCareers
Goldman Sachs CEO says he’d hire someone ‘smart enough’ over the smartest person in the world because ultimately experience trumps brains
By Emma BurleighJuly 18, 2026
1 hour ago
Backstabbing is the new office norm: Gen Z and millennials are blame-shifting, snitching, and setting others up to fail—but so are managers
Successreturn to office
Backstabbing is the new office norm: Gen Z and millennials are blame-shifting, snitching, and setting others up to fail—but so are managers
By Orianna Rosa RoyleJuly 18, 2026
1 hour ago
Landon Donovan, wearing a suit and holding a microphone, smiles.
SuccessSports
U.S. soccer star Landon Donovan was raised by a single mom and said he wouldn’t break though today because youth sports have gotten too expensive
By Sasha RogelbergJuly 18, 2026
2 hours ago
Svenja Gudell, Chief Economist, Indeed
Commentaryaging
Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI
By Svenja GudellJuly 18, 2026
5 hours ago
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
SuccessJensen Huang
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
By Sydney LakeJuly 17, 2026
20 hours ago
Sarah Friar, CFO of OpenAI
AIFinance
OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off
By Sheryl EstradaJuly 17, 2026
20 hours ago

Most Popular

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
1 day ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
3 days ago
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
Law
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
By Marco Quiroz-GutierrezJuly 17, 2026
1 day ago
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
Big Tech
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
By Mia OsmonbekovJuly 16, 2026
2 days ago
Current price of oil as of July 17, 2026
Personal Finance
Current price of oil as of July 17, 2026
By Joseph HostetlerJuly 17, 2026
1 day ago
After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others
Economy
After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others
By Marco Quiroz-GutierrezJuly 17, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.