South Korean President Criticized for 'Lax Attitude' on Nuclear Threat

A man walks by a TV screen showing a local news program reporting about North Korea's missile firing at Seoul Train Station in Seoul South Korea Wednesday

South Korean shares slumped to a seven-week low on Thursday on foreign-selling amid anxiety over simmering tensions between the United States and North Korea, knocking the won currency to the weakest in a month.

South Korea is a target of the North with armaments pointed at it from across the border, so the absence of an ambassador could understandably cause Seoul alarm.

The meeting came hours after Pyongyang repeated its threat to attack the US territory of Guam with Hwasong-12 ballistic missiles, a plan that, the DPRK military said, was in the "final stages" of development.

According to KCNA, it is planned to launch four Hwasong-12 intermediate-range ballistic missiles, which are supposed to fly some 3,400 kilometers over Japan's Prefectures of Shimane, Hiroshima and Kochi to drop into water some 30-40 kilometers off Guam.

"No substantive dialogue (with Trump - TASS), who is void of reason, is possible".

"Nuclear weapons can not be tolerated under any circumstances", he said.

The two "discussed current security conditions surrounding the Korean Peninsula caused by North Korean provocations and heightened tension, and ways to deal with such threats", Cheong Wa Dae spokesman Park Soo-hyun told a press briefing. The ministers also urged North Korea to comply fully with UN Security Council resolutions.

"We are fully prepared with a readiness posture able to immediately and firmly punish any kind of North Korea provocation", said Roh Jae-chun, spokesman for South Korea's Joint Chiefs of Staff. "The government plans to commit constant efforts to the peace and stability of the Korean Peninsula and reconciliation and cooperation between South and North", he said. But experts say the Japanese military does not now have the capability to shoot down a missile in high altitude.

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