N.Korea Completes Installation of Long-rang Rocket on Launch PadUpdated: 2012-12-06 (KST)
The South Korean government is on the offensive for the first time saying that North Korea will pay a price if it proceeds with rocket launch.
Defiant to the end, North Korea reports it has assembled all three stages of the long-range rocket Wednesday and is in the final stages to blastoff.
U.S. Geoeye Satellite Image released images that seem to show several fueling trucks near the rocket suggesting final stage preparations.
The rocket is set to blastoff between December 10th and 22nd but experts are predicting that the launch will take place on December 17th between 7am and 8:30am which marks the first year anniversary of Kim Jung-il's death.
On Thursday, the Unification ministry said that if this launch goes through as planned, South Korea will adjust inter-Korean economic exchanges and cooperation. A day earlier, South Korean Foreign Minister Kim Sung-hwan had warned of diplomatic consequences for the communist regime.
The U.S. government for now is continuing to stress diplomatic push at preempting North Korea's rocket launch, but signaled it would strengthen the current sanctions on the communist nation in case of launch instead of seeking new ones.
If North Korea fires the rocket in defiance of a UN ban will likely impact the inter-Korean industrial complex where more than 50 thousand North Koreans work at over 120 South Korean firms.
The planned launch would be the North's second launch attempt under Kim Jong-un's rule after a failed launch in April.
Kim took power nearly a year ago following the death of his father Kim Jong-il.
Kim Hyun-bin Arirang News
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