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Kim orders N. Korea artillery firing, drawing Seoul rebuke

North Korean leader Kim Jong Un ordered his troops to practice firing artillery near a disputed sea boundary with rival South Korea, Pyongyang’s state media reported Monday, drawing a quick rebuke from Seoul.
It was the latest sign of impatience from Kim amid worries that nearly two years of US-North Korean diplomacy will fall apart if Washington doesn’t meet Pyongyang’s year-end deadline to offer a new initiative to settle their long-running standoff over the North’s nuclear weapons program.
The coastal artillery company’s actions during Kim’s visit to the west coast’s Chagrin Islet “fully showed their gun firing skills” and “delighted the supreme leader,” according to the North’s Korean Central News Agency. It didn’t say when the visit took place, and it wasn’t clear what specific weapons were fired.
Seoul’s Unification Ministry said it was Kim’s first known trip to a front-line military unit since at least April last year, around the start of his diplomatic engagement with the US Those once-promising negotiations are largely at a standstill now as North Korea steps up pressure on Washington to lift international sanctions and abandon what it calls hostile policies against the North.
When North Korea has previously spoken of removing US hostility, it has meant the presence of tens of thousands of US troops stationed in South Korea and Japan. Kim is believed to want a deal that provides relief from crippling sanctions against his country in return for disarmament moves that critics say would come too slowly and wouldn’t significantly roll back his nuclear program.
The islet where the recent drills took place is just north of the de facto inter-Korean maritime boundary, the scene of several bloody naval skirmishes between the rivals. In 2010, North Korea launched an artillery strike on a South Korean island just south of the boundary, killing four people. Earlier that year, North Korea is accused of torpedoing a South Korean warship operating near the boundary, killing 46 sailors.
South Korea’s Defense Ministry expressed regret over the latest drills, saying they violated deals settled between the Koreas last year that looked to lower military animosities along the border.
Spokeswoman Choi Hyun-soo told reporters that North Korea must stop any acts that will increase military tensions and abide by past agreements.
Relations between the two Koreas improved greatly last year as Kim engaged in talks with the US over the fate of his advancing nuclear arsenal. Kim met President Donald Trump in Singapore in June last year in what was the first such North Korea-US summit since the end of the 1950-53 Korean War. Kim also met South Korean President Moon Jae-in three times last year.
The nuclear talks fell apart in February, when Trump rebuffed Kim’s calls for broad sanctions relief in return for dismantling his main nuclear complex, a partial denuclearization step. Inter-Korean relations have subsequently suffered a series of setbacks, with North Korea criticizing South Korea for failing to break away from Washington and for not restoring joint economic projects held up by UN sanctions.
In recent months, North Korea has test-fired a slew of short-range missiles and other weapons, which experts say mainly target South Korea. North Korea has also threatened to dismantle South Korean-built buildings at a now-shuttered joint tourism project in the North.
North Korea hasn’t lifted a self-imposed moratorium on a long-range missile and nuclear tests, which Trump has boasted as his major achievement in his North Korea policy. But Kim has demanded Trump come up with new, acceptable proposals to salvage the nuclear negotiations by year’s end.
Observers worry that a failure to do so could see a return to the weapons tests of 2017 that had much-fearing wars.
source: The Associated Press
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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