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

Trendingnow

1

'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

2

Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

3

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

1

'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

2

Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

3

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

Kim Jong Un plans to ring in the new year with an ‘exponential increase’ of North Korea’s nuclear arsenal

By
Shinhye Kang
Shinhye Kang
,
Jon Herskovitz
Jon Herskovitz
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Shinhye Kang
Shinhye Kang
,
Jon Herskovitz
Jon Herskovitz
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
December 31, 2022, 7:52 PM ET
Kim Jong Un
A handout photo provided by Dong-A Ilbo of North Korean leader Kim Jong Un and U.S. President Donald Trump inside the demilitarized zone (DMZ) separating the South and North Korea on June 30, 2019 in Panmunjom, South Korea. Dong-A Ilbo—Getty Images
Add Fortune on Google for similar content.

North Korean leader Kim Jong Un pledged to increase his nuclear arsenal in the new year to stifle US and South Korean hostile acts, in a policy-setting address where he left almost no opening for a return to long-stalled disarmament talks.

In a speech that came at the end of a nearly weeklong meeting of his ruling Workers Party, Kim said Washington and Seoul are taking aim at his government, which raises his need to produce even more nuclear weapons, the official Korean Central News Agency reported Sunday.

“Now that the south Korean puppet forces who designated the DPRK as their ‘principal army’ and openly trumpet about ‘preparations for war’ have assumed our undoubted enemy, it highlights the importance and necessity of a mass-producing of tactical nuclear weapons and calls for an exponential increase of the country’s nuclear arsenal,” KCNA cited Kim as saying in a report. His state’s official name is the Democratic People’s Republic of Korea and it uses lower case in its media in referring to its neighbor.

Kim’s report to wrap up the plenary meeting of the Central Committee of his ruling Workers’ Party appeared to take the place of his traditional New Year’s Day address. He also pledged that his state would launch its first military satellite and develop a new type of intercontinental ballistic missile, which could be used to deliver a warhead to the US mainland.

“The prevailing situation calls for making redoubled efforts to overwhelmingly beef up the military muscle to thoroughly guarantee the sovereignty, security and fundamental interests of the Republic in response to the worrying military moves by the US and other hostile forces precisely targeting the DPRK,” KCNA cited Kim as saying in the report.

With little threat of new sanctions and plans already afoot to further develop weapons including drones, submarines and missiles, Kim has been looking to continue honing his ability to deliver a credible nuclear strike against the US and its allies, such as South Korea and Japan.

The North Korea leader has raised tension to levels not seen in years by firing off more than 70 ballistic missiles in 2022, lowering his guardrails for the use of nuclear weapons and saying he sees no need to going back to the bargaining table for talks on winding back his nuclear arsenal in return for relief from sanctions choking his state’s paltry economy.

His state fired three short-range ballistic missiles on the last day of the year and then fired off one more a few hours after the new year started in a defiant show of force that could set the tone for a further ratcheting up of tensions.

North Korea will keep advancing its nuclear and missile threat and South Korean armed forces should retaliate sternly against any provocation, President Yoon Suk Yeol said in a call with the chief of general staff, according to his office in Seoul.

Any attempt by Kim to use nuclear arms will lead to the end of his regime, South Korea’s Defense Ministry warned in a separate statement, commenting on the party meeting.

Kim in 2022 faced one of the most difficult years of his decade in power on the domestic front, admitting to a Covid outbreak in a country that has refused international vaccine assistance. Severe weather exacerbated a chronic food shortage and his decision to close borders at the start of the pandemic slammed the breaks on the little legal trade his state had — triggering the economy’s worst slump in decades.

Kim also appears ready to conduct his first nuclear test since 2017 as he seeks to miniaturize warheads for tactical weapons to strike South Korea and Japan, which host the bulk of US troops in Asia. An atomic detonation could also help increase the strength of a warhead he could attach to an intercontinental ballistic missile capable of hitting the American mainland.

The US, South Korea and Japan have pledged a stern, coordinated punishment if Kim tests a nuclear weapon. But years of sanctions and isolation have failed to get Kim to change course. Now there’s almost no chance Russia or China, which have veto power at the United Nations Security Council, would support any new measures against North Korea as they did back in 2017 during a flurry of tests that raised global concern.

Kim has ignored US attempts to return to nuclear disarmament talks and brought along his daughter for her state media debut to attend the November launch of an ICBM — signaling there’s another generation ready to take over the Cold War’s last continuous family dynasty and it will depend on nuclear weapons for its survival.

Kim has also shown signs of loosening border restrictions to allow more trade with long-time partners China and Russia, which could weaken the global sanctions regime. The US has accused North Korea of selling weapons to Russia in defiance of UN sanctions to aid Vladimir Putin in his war against Ukraine. Pyongyang has dismissed the allegation as a baseless rumor, but it has also reestablished its sole train link with Russia that was halted almost three years ago due to Covid-19.

North Korea may put on a display of its might in the coming weeks. Specialist service NK News said satellite imagery in December showed thousands of North Korean soldiers have started training for a military parade. 

In his speech a year ago, Kim urged North Korea to focus on easing food shortages and containing Covid, in a downbeat New Year’s policy assessment that suggested nuclear talks with the US were a low priority.

–With assistance from Sam Kim and Sangmi Cha.

Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today's executives. Subscribe here.

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

Latest in

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

Photo of Hugging Face cofounder and CEO Clement Delangue.
CybersecurityAI agents
Hugging Face says it resorted to a Chinese AI model to battle a fully autonomous cyberattack because U.S. model guardrails stymied its defense
By Emily ForliniJuly 20, 2026
1 hour ago
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
NewslettersMPW Daily
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
By Emma HinchliffeJuly 20, 2026
2 hours ago
Mark Cuban, in front of a purple background, has his mouth open and is looking to his left.
Successcompensation
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
2 hours ago
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
EconomyDebt
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
By Jason MaJuly 20, 2026
4 hours ago
Types of mortgage loans: A guide to choosing the right one
Real Estatemortgages
Types of mortgage loans: A guide to choosing the right one
By Joseph HostetlerJuly 20, 2026
5 hours ago
Ferran Torres
SuccessWorld Cup
Spain’s Ferran Torres scored the winning goal in the World Cup—but just four years ago, he was in therapy and stuck in a ‘bottomless pit’
By Emma BurleighJuly 20, 2026
5 hours ago

Most Popular

'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
2 days ago
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
AI
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
By Aaron Walayat and The ConversationJuly 19, 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
7 hours ago
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
Success
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
By Preston ForeJuly 19, 2026
2 days ago
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
Future of Work
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
By Sarah GlodekJuly 20, 2026
13 hours ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
10 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.