May 27 (Bloomberg) -- North Korea threatened a military response to South Korean participation in a U.S.-led program to seize weapons of mass destruction, and said it will no longer abide by the 1953 armistice that ended the Korean War.
“The Korean People’s Army will not be bound to the Armistice Agreement any longer,” the official Korean Central News Agency said in a statement today. Any attempt to inspect North Korean vessels will be countered with “prompt and strong military strikes.” South Korea’s military said it will “deal sternly with any provocation” from the North.
South Korean President Lee Myung Bak ordered his government to take “calm” measures on the threats, his office said in a statement today. Japan’s Chief Cabinet Secretary, Takeo Kawamura, echoed those remarks and called on North Korea to “refrain from taking actions that would elevate tensions in Asia.”
The threats are the strongest since North Korea tested a nuclear weapon on May 25, drawing international condemnation and the prospect of increased sanctions against the communist nation. South Korea dispatched a warship to its maritime border and is prepared to deploy aircraft, Yonhap News reported, citing military officials it didn’t identify.
“This rapid-fire provocation indicates a more aggressive shift in the Kim Jong Il regime,” said Ryoo Kihl Jae, a professor at the University of North Korean Studies in Seoul. “Kim is obviously using a strategy of maximum force.”
Markets Fall
South Korea’s benchmark Kospi stock index fell for a fifth day, the longest losing streak since February. The index declined 0.7 percent to 1,362.02. The won weakened 0.5 percent to 1,269.35 per dollar as of the 3 p.m. close of trade in Seoul.
The yield on government debt due in March 2014 rose six basis points to 4.58 percent, while the three-year yield added five basis points to 3.79 percent, according to data compiled by Bloomberg News.
North Korea can’t guarantee the safety of ships passing through its western waters, KCNA said. The statement specified five islands controlled by the South that were the site of naval skirmishes in 1999 and 2002.
“What they are saying is that they will take military action if there is any action taken on behalf of the program such as boarding their ships, stopping and searching and so on,” said Han Sung Joo, a former South Korean foreign minister.
‘Deal Sternly’
South Korea’s military “will deal sternly with any provocation by North Korea, based on a strong South Korea-U.S. defense coalition,” Rear Admiral Lee Ki Sik of the Joint Chiefs of Staff said in an e-mailed statement. North Korea was making “obstinate claims” about nullifying the armistice, he said.
The U.S. has about 28,500 troops stationed in South Korea, according to the United States Forces Korea Web site.
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