After yesterday’s North Korean missile tests, the U.S appointed top executive in-charge of imposing U.S announced sanctions on North Korea will be meeting with other nations in Malayasia, to scrutinize Pyongyang’s finances.

This high level urgent meeting comes in the wake of the missile tests carried out by North Korean forces on Saturday, and is believed to have launched medium range missiles, that could reach parts of Japan and annihilate entire South Korea.

According to military officials of South Korea, as of now there are no indications of another North Korean missile test on Sunday. Still, the South Korean armed forces are at their highest level of alert and readiness.

As per a report by South Korean news agency Yonhap, Saturday;s missile tests included 3 medium range Rodong missiles and the other four are known to be Scud missiles that can hit major parts of South Korea. According to a South Korean official,

“We found five of the seven missiles fell near the same spot in the East Sea (Sea of Japan), which indicates that their accuracy has improved”

The Rodongs and Scuds are both ballistic missiles, capable of delivering nuclear payloads to their designated targets. According to intelligence estimates, North Korea currently owns more than 600 Scud-type missiles and 300 Rodong missiles. These new missile tests have not only escalated the tensions in the Korean peninsula, but have also compelled the United Nations and other worried countries to impose even tougher sanctions on the already cash strapped and impoverished North Korea.

Even as the United States is hitting the financial avenues of North Korea, by prohibiting U.S companies to trade with Pyongyang and by taking strong actions against those firms who have helped N.Korea trade in arms and missiles, still, North Korea seems unaffected by the international scrutiny and intends to show its ever growing military might whenever it so wishes to.

Via Reuters.