North Korea Holds Military Parade Away From World's Eyes
(Bloomberg) -- North Korean leader Kim Jong Un held a military parade Thursday ahead of the Winter Olympics' opening ceremony in South Korea, but refrained from broadcasting live images of the event, South Korean media reported.
About 13,000 troops participated while 50,000 spectators watched the event that started around 10:30 a.m., the Yonhap News Agency said, citing an unidentified South Korean government source. Kim had been expected to show off his latest military hardware, though foreign journalists were banned from covering the event that wasn't broadcast on Korean Central Television. The isolated nation may broadcast video of the procession later.
Kim may have decided to play down the event that took place one day before the start of the Winter Olympics in South Korea. On Wednesday, he chose his sister, Kim Yo Jong, to represent North Korea at the event in a symbolic gesture to show he's keen to maintain the current lull in tensions over his nuclear weapons program, but also to put more pressure on the alliance between Washington and Seoul.
She's expected to arrive in the country by private plane on Friday afternoon, Yonhap said.
Zheng Wang, director of the Center for Peace and Conflict Studies at Seton Hall University in New Jersey, said before the parade it was possible Kim would be cautious so as to not be seen as “too aggressive.”
Glued to TVs
Analysts around the world were watching a North Korean state television feed to observe the parade. They were looking out for the military hardware expected to be displayed for signs the regime is getting closer to developing a nuclear arsenal that poses a credible threat across the Pacific.
About 13,000 troops, as well as 110 artillery pieces, personnel carriers and other vehicles were observed preparing for the occasion, according to an analysis of satellite images by the website 38 North.
U.S. President Donald Trump's advisers continue to threaten a military strike to stop him from achieving that goal, even as Kim engages South Korea in dialogue and sends athletes to the Olympics in Pyeongychang. Vice President Mike Pence was on his way to Seoul to attend the opening ceremony.
Pence told troops Thursday at Yokata Air Base, Japan, that the U.S. was “ready” to act if necessary. In a speech, Pence highlighted the more than 50 American warships stationed in the region -- including nuclear submarines -- and squadrons of F-18 and F-35 fighters “ready at a moment's notice to fly and fight for freedom.”
Speaking to reporters later, however, he expanded on earlier remarks raising the prospect of a meeting with North Korean representatives during the trip.
“There may be a possibility for any kind of an encounter with North Koreans, whether it be informal, or whether it takes the form of a meeting,” Pence said.
--With assistance from Toluse Olorunnipa
To contact the reporter on this story: David Tweed in Hong Kong at dtweed@bloomberg.net.
To contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Andy Sharp
©2018 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.