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

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
LeadershipNorth Korea

North Korea Says U.S. Will ‘Pay Dearly’ for ‘Heinous’ Crimes

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
August 8, 2017, 11:41 AM ET
NKOREA-POLITICS-DEFENCE
KNS AFP/Getty Images
Add Fortune on Google for similar content.

North Korea condemned the latest round of United Nations sanctions and reiterated that it wouldn’t negotiate over its nuclear program until the U.S. ceases “hostile” policies.

Kim Jong Un’s regime said it will “make the U.S. pay dearly for all the heinous crime it commits against the state and people of this country,” the Korean Central News Agency reported on Monday. In a separate statement to reporters in Manila, North Korea called President Donald Trump’s “America First” policy dangerous and said its nuclear program was necessary to avoid a U.S. invasion similar to those in Afghanistan, Iraq and Libya.

“We will, under no circumstances, put the nukes and ballistic rockets on negotiating table,” North Korea said. “Neither shall we flinch even an inch from the road to bolstering up the nuclear forces chosen by ourselves, unless the hostile policy and nuclear threat of the U.S. against the DPRK are fundamentally eliminated.”

The response shows that tensions are showing no signs of abating after the UN Security Council on Saturday unanimously approved measures to restrict North Korea’s exports of coal, iron, lead and seafood. Trump’s administration has threatened military action if necessary to stop North Korea from obtaining an intercontinental ballistic missile that can strike the U.S. with a nuclear weapon.

Trump posted a message on Twitter on Tuesday in the U.S. applauding the UN’s action. “After many years of failure,countries are coming together to finally address the dangers posed by North Korea. We must be tough & decisive!” he wrote.

Trump, whose administration is moving to crack down on leaks of U.S. government information, also retweeted a Fox News report based on anonymous sources that said U.S. spy satellites had detected North Korea moving anti-ship cruise missiles to a patrol boat.

Trump’s options on North Korea: Quicktake Q&A

China, North Korea’s biggest ally and trade partner, backed the sanctions in a bid to spur dialogue. It has urged North Korea to halt future ballistic missile and nuclear tests, while also calling on the U.S. and South Korea to cease military exercises.

“North Korea’s response is expected, because they have their own position,” Chinese Foreign Minister Wang Yi told reporters in Manila on Monday night. “The key is that we cannot let the situation to continue to escalate, and we need to find an opportunity to turn things around amid the crisis.”

The KCNA report came as diplomats in Asia stepped up efforts to get North Korea to resume dialogue during a regional security meeting in the Philippines. Foreign ministers from China, Russia, South Korea and Japan all spoke with their North Korean counterpart Ri Yong Ho in Manila.

“North Korea should realize that it will face stronger sanctions and pressure if it doesn’t stop nuclear and missile provocation,” Moon Sang-gyun, a spokesman for South Korea’s defense ministry, said on Tuesday in response to North Korea’s statement. “We urge North Korea to make the right choice and come to the path of denuclearization.”

South Korean Foreign Minister Kang Kyung-wha urged Ri on Sunday to respond as soon as possible to an offer to resume talks between the two countries, Yonhap News Agency reported, citing an unidentified foreign ministry official from Seoul. Ri said the offer “lacks sincerity,” according to the unnamed official.

“It’s a positive but very small step, and can at least help the two Koreas exchange some views on the current state of affairs,” Kim Jin-ho, a professor of political science at Dankook University in South Korea, said of the meeting between foreign ministers. “North Korea would use the talk as a bargaining chip with the U.S., as their goal is to have dialogue with Washington, not Seoul.”

In a phone call on Monday, South Korean President Moon Jae-in told Trump that North Korean issues must be resolved peacefully and diplomatically. He said the countries needed to show Pyongyang that the door to dialogue was open if North Korea gave up its nuclear weapons and missile programs, according to a Moon spokesman.

Secretary of State Rex Tillerson, who is attending the security forum in Manila, said Monday that the best signal North Korea could give that it’s ready for talks with the U.S. was to halt missile launches, the Associated Press reported.

“We’re not going to give someone a specific number of days or weeks,” Tillerson said. “This is really about the spirit of these talks.”

Joint discussions between six nations — China, Japan, North Korea, South Korea, Russia and the U.S. — collapsed in 2009.

Moon, who took office in May, has advocated engaging Pyongyang with dialogue and offered to hold rare military talks with the North to ease tensions after Kim’s first successful ICBM test July 4.

North Korea is likely to continue pursuing ballistic missile tests at its current pace of about every three to four weeks despite the sanctions, according to John Park, director of the Korea Working Group at Harvard Kennedy School. He called the sanctions “too little, too late” to cut off financing for the nuclear program.

“The North Korean program remains an unconstrained one with neither sanctions nor an operational diplomatic agreement holding it back,” Park said.

About the Author
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
  • TikTok icon
  • YouTube icon

Latest in Leadership

Cleveland’s WNBA team doesn’t play until 2028 but Progressive just scored jersey sponsorship
SuccessSports
Cleveland’s WNBA team doesn’t play until 2028 but Progressive just scored jersey sponsorship
By Joe Reedy and The Associated PressJuly 21, 2026
8 hours ago
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
PoliticsEuropean Union
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
By The Associated PressJuly 21, 2026
8 hours ago
Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times
North AmericaBill Gates
Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times
By James Pollard and The Associated PressJuly 21, 2026
10 hours ago
Lauren Sánchez Bezos put $34 million behind reinventing what clothes are made of—and stirred a debate about Amazon
Environmentphilanthropy
Lauren Sánchez Bezos put $34 million behind reinventing what clothes are made of—and stirred a debate about Amazon
By Sydney LakeJuly 21, 2026
10 hours ago
Federal civil rights agency votes to scrap 60-year-old workforce diversity reporting rule
Politicsdiversity and inclusion
Federal civil rights agency votes to scrap 60-year-old workforce diversity reporting rule
By The Associated Press, Claire Savage and Alexandra OlsonJuly 21, 2026
10 hours ago
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
InnovationBill Ackman
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
By Jeff John RobertsJuly 21, 2026
10 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
9 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
13 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
14 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.