Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > N.Korea’s Kim says nuclear deterrent is ready, slams South’s Yoon
    Top Stories

    N.Korea’s Kim says nuclear deterrent is ready, slams South’s Yoon

    Published by Wanda Rich

    Posted on July 28, 2022

    4 min read

    Last updated: February 5, 2026

    In this image, North Korean leader Kim Jong Un speaks at an event marking the Korean War armistice, emphasizing the country's nuclear deterrent readiness and criticizing South Korea's President Yoon. This highlights rising tensions in East Asia, relevant to ongoing global finance and security discussions.
    North Korean leader Kim Jong Un delivering a speech on nuclear deterrent readiness - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentfinancial stabilityinternational financial institutioninvestmentfinancial markets

    By Hyonhee Shin and Soo-hyang Choi

    SEOUL (Reuters) -North Korean leader Kim Jong Un said his country is ready to mobilise its nuclear war deterrent and counter any U.S. military clash, and criticised South Korea’s new president for the first time, warning Seoul was pushing towards the brink of war.

    Kim made the remarks during a speech at an event to mark the 69th anniversary of the July 27 Korean War armistice, which left the two Koreas technically still at war, according to the official KCNA news agency on Thursday.

    The confrontation with the United States posed nuclear threats since the 1950-53 war and required the North to achieve an “urgent historical task” of beefing up its self defence, Kim said.

    “Our armed forces are thoroughly prepared to respond to any crisis, and our nation’s nuclear war deterrence is also fully ready to mobilise its absolute strength faithfully, accurately and promptly to its mission,” he said.

    Kim also denounced South Korea’s new conservative President Yoon Suk-yeol by name for the first time, accusing him of threatening the North’s security and right to self defence.

    Yoon’s office expressed deep regret over Kim’s “menacing” remarks, saying South Korea is capable of “strongly and effectively” responding to any provocations at any time.

    “We once again urge North Korea to take the path of dialogue to achieve substantive denuclearisation and peace,” Yoon’s spokeswoman Kang In-sun told a briefing.

    Kim’s speech came after Seoul and Washington officials said Pyongyang has completed preparations to conduct its first nuclear test since 2017.

    South Korea’s unification minister handling inter-Korean affairs said on Tuesday there was a “possibility” of the test around the anniversary of the armistice, though a military official said there were no immediate signs for it.

    North Korea is likely to face stronger sanctions including measures targeting its cyberattack capabilities if it goes ahead with the test, South Korea’s foreign minister said on Wednesday.

    In the speech, Kim said Washington continues “dangerous, illegal hostile acts” against the North, and seeks to justify its behaviour by “demonising” the country.

    The North has long accused the United States of double standards over military activities and pursuing a hostile policy towards Pyongyang, saying it hampers a restart of talks aimed at dismantling the country’s nuclear and missile programmes in return for sanctions relief.

    “The duplex act of the United States, which is misleading all the routine actions of our armed forces as ‘provocation’ and ‘threat’ while holding large-scale joint military exercises that seriously threaten our security, is literally a robbery,” Kim said.

    “That is driving bilateral relations to the point where it is difficult to turn back, into a state of conflict.”

    ‘ABSOLUTE WEAPON’

    Kim also said that “warmongers” and “disgusting thugs” in Yoon’s administration are bent on confrontational military activities, singling out Seoul’s weapons developments and drive to bring back U.S. nuclear strategic assets as well as allied military drills.

    Their “heinous confrontational policy” toward the North and “toadyish, treacherous acts” are pushing the situation to the brink of war, he said.

    North Korea in recent months has tested hypersonic missiles and missiles that it says could carry tactical nuclear weapons, narrowing the time that Seoul would have to respond to a pending attack.

    Yoon has vowed to complete the so-called “Kill Chain” system that calls for preemptive strikes against the North’s missiles and possibly its leadership if an imminent attack is detected.

    But that system would never be able to cover the North’s “absolute weapon,” Kim said.

    “Such a dangerous attempt will immediately be punished by a powerful force, and Yoon Suk-yeol’s government and his army will be annihilated,” he said.

    Seoul’s defence ministry said it would continue reinforcing its own capabilities and the U.S. extended deterrence including its nuclear umbrella to better respond to Pyongyang’s threats.

    Yang Moo-jin, a professor at the University of North Korean Studies in Seoul, said Kim’s remarks seem to be intended to highlight the legitimacy for weapons developments and his “eye for eye” approach toward Washington and Seoul.

    (Reporting by Hyonhee Shin and Soo-hyang Choi; Editing by Richard Pullin, Michael Perry and Tomasz Janowski)

    Frequently Asked Questions about N.Korea’s Kim says nuclear deterrent is ready, slams South’s Yoon

    1What is a nuclear deterrent?

    A nuclear deterrent is a military strategy that uses the threat of nuclear weapons to prevent an adversary from taking aggressive actions, based on the belief that the consequences would be catastrophic.

    2What is denuclearization?

    Denuclearization refers to the process of reducing or eliminating nuclear weapons and their capabilities, often through international treaties and agreements aimed at promoting peace and security.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostDollar hits three-week low to yen as Fed’s Powell less hawkish than feared
    Next Top Stories PostShell smashes record again with $11.5 billion profit