North Korea missile tests cost 2% of GDP already this year: report

Pyongyang conducts record number of test launches with 33 rockets fired

20220610N Hwasong-17

North Korea has been developing the Hwasong-17, an intercontinental ballistic missile capable of hitting any target in mainland U.S. (KCNA via Kyodo)

JUNNOSUKE KOBARA, Nikkei security affairs editor

SEOUL -- North Korea has spent as much as $650 million, or 2% of its gross domestic product, so far this year on 17 rounds of missile tests, according to a state-backed South Korean think tank.

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