ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

North Korean Spy Satellite Explodes Due to ‘Operational Reliability’

After two failed attempts in 2023, North Korea initiated the latest spy satellite launch, which faced an explosion mid-way. Seoul and Tokyo had criticized the planning of the satellite launch, stating that it might not have been the best operation. The launch failure happened a few hours after it faced criticism. 

The North’s National Aerospace Technology Administration said that the satellite “exploded in the air during the first flight stage and failed to launch.” The official Korean Central news agency released a statement that stated operational reliability led to the cause. The recently constructed liquid oxygen and oil motor failed to ignite. 

From the beginning of Kim Jong-un’s regime, the country has been actively attempting to release spy satellites into orbit. Even though the officials claim that the Malligyong-1 (Telescope-1 in Korean) satellite has been successfully operating since November, Seoul’s intelligence agency implies it to be a false claim. Kim further suggests that North Korea received the technical assistance for launch from Russia. 

The Joint Chiefs of Staff of South Korea detected an ‘unidentified projectile’ in the sky, which exploded into tiny red fragments within minutes.  

A similar incident was reported by the public broadcaster NHK and other officials in Japan. The country’s senior Ministry of Defence said, “A footage of a flaming projectile can be seen over the Yellow Sea, but it’s unclear whether it was a satellite. The explosion happened mid-air, clearly missing the announced target of the missile.” 

Japan warned southern Okinawa residents before the launch and lifted it minutes later. The country, along with leaders of the United States and South Korea, strongly condemned the military activity, labeling it as an attempt to invalidate security and peace in the region. 

South Korea’s Kim suggests that Pyongyang is currently working on a strategy to modernize its military. They conducted several weapons tests last year and might launch three or more spy satellites in 2024.  

Suggested Reads: 

SpaceX’s Falcon 9 Rocket Lights up Southern California Sky

The Big Questions in Tech – Airwalk Reply’s Latest Podcast Launch

Novosound, an Award-Winning Scottish Sensors Company, Aims for Expansion in APAC

The post North Korean Spy Satellite Explodes Due to ‘Operational Reliability’ appeared first on Press Connect.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.