Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
Instagram valued at USD 35 billion -- Citigroup      Israeli warplanes attack 1st time since August
  Military
Rocket to cost N. Korea equivalent of feeding 19m people for 1 year
02/04/2012   |   05:55 PM | World News
تصغير الخطالشكل الأساسيتكبير الخط
TOKYO, April 2 (KUNA) -- This month's long-range rocket launch will cost North Korea some USD 850 million, the equivalent of feeding 19 million people for one year, Yonhap News Agency reported Monday, citing intelligence authorities in Seoul.
According to the estimate, revealed by a military official, construction of the launch site is expected to cost the North USD 400 million, while the rocket and its payload will cost USD 300 million and USD 150 million, respectively. The Seoul official said that the rocket's expenses of USD 850 million are enough to buy 2.5 million tons of corn from China and thus can feed 19 million of the North's 24 million population for a year.
"North Korea has suffered a deficit of 400,000 tons of food every year. So, the money could resolve the problem of food shortages for six years," the official was quoted as saying. Separately, North Korea is expected to spend USD 2 billion to celebrate the 100th anniversary of the birth of late President Kim Il-sung, the country's founder and grandfather of current leader Kim Jong-un, which falls on April 15, the report said.
The North says the rocket launch set for sometime between April 12 and 16 is designed to put an earth observation satellite into orbit. Pyongyang also says it has a sovereign right to fire the rocket for the peaceful exploration of space, though the launch is widely seen as a disguised test of international ballistic missile technology banned under a UN resolution. South Korea and Japan have warned they would shoot down the rocket if it goes off course and violates their airspace.
Pyongyang last launched a long-range rocket in April 2009 and conducted its second nuclear test a month later. North Korea is believed to have advanced ballistic missile technology, though it is still not clear whether it has mastered the technology to put a nuclear warhead on a missile. (end) mk.sd KUNA 021755 Apr 12NNNN
 Print
  Email
 Save
Share
Share
Honoring Kuwait 2014


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazien


Most Read Most Emailed  
1.   Khartoum demands immediate steps from Juba on rebels
2.   Kuwait Energy announces new oil discovery in Egypt
3.   Syrian troops suffer 50 fatalities in Idlib
4.   His Highness the Amir's care for Sheikh Salem's Informatics Award a major motive -- Sheikha Aida
5.   Kuwait crude oil price down to USD 56.70 pb
6.   ASPU conf. reflects Kuwait's pioneering media role - Official
    Photo Gallery

the photo-sharing application "Instagram"

Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah

Kuwait's Minister of Education and Higher Education Bader Al-Essa

UN Secretary General Ban Ki-moon

EU High Representative Federica Mogherini

European Parliament President Martin Schulz

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq distributing relief aid to Syrian refugees in Lebanon

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq

OPEC

First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah

Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj

His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah attends Crown Prince Football Cup final

Kuwait Stock Exchange (KSE)

National Assembly Speaker Marzouq Ali Al-Ghanim receives Speaker of the National Assembly of Pakistan Sardar Ayaz Sadiq

Sheikh Duaij Al-Fahad Al-Sabah, the head of the club's drag race committee

Chairperson of the Trustees' Board, Sheikha Aida Salem Al-Ali Al-Sabah

Ambassador in Doha Metaeb Al-Mutotah

Assistant Undersecretary of the Information Ministry for Media Planning and Knowledge Development Mohammad Al-Awwash
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS