View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 29, 2021

North Korea tests new type of hypersonic missile

According to state news media KCNA, the missile system will help in bolstering North Korea’s self-defence capabilities.

North Korea has test-fired a newly developed hypersonic missile called Hwasong 8, the latest launch in a series of weapon tests by the reclusive nation.

Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GD50 ADS
Enter your details here to receive your free Report.

According to state news media Korean Central News Agency (KCNA), the launch took place in Toyang-ri of Ryongnim County, Jagang Province.

“In the first test-launch, the defence scientists confirmed the flight manoeuvrability and stability of the missile,” the statement said.

The test was supervised by Pak Jong Chon, a member of the Presidium of the Political Bureau and secretary of the Central Committee of the Workers’ Party of Korea.

The KCNA statement further added that the development of the weapons system was carried out as a top priority and it will help in bolstering the country’s self-defence capabilities.

Recently, North Korea has stepped up missile testing renewing concerns about its weapons programme.

Earlier this month, it launched newly developed long-range cruise missiles that hit targets 1,500km away. North Korea also tested ballistic missiles this month.

Hypersonic missiles fly at lower altitudes compared to ballistic weapon systems and can attain more than five times the speed of sound, restricting interception capabilities of adversaries, reported Reuters.

The US also tested its hypersonic system last week.

The Defense Advanced Research Projects Agency (DARPA) in the US said that it conducted a free flight test of its Hypersonic Air-breathing Weapon Concept (HAWC) in partnership with the US Air Force.

Developed by the Raytheon Missiles & Defense, the system is capable of hitting targets more quickly than subsonic missiles.

Related Companies

Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GD50 ADS
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airforce Technology