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Explore Monex
Oil/War/Economy
October 9, 2006

Will South Korea's nuclear testing trigger a nuclear arms race in the region?

Oil War Economy

"Following through on a promise it made in the United Nations only last week, North Korea exploded a nuclear device on Monday October 9th deep under a mountain in north-eastern Hamgyong province. The regime of Kim Jong Il immediately declared that its nuclear test would serve to defend “the peace and stability on the Korean pensinsula and in the area around it.” On the contrary, the provocation has brought international condemnation and destabilised regional security, even raising the prospect of an arms race in which neighbours such as Japan and South Korea may consider developing nuclear weapons of their own."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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