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US government moves to stop potential banking crisis

Kim Jong Un's regime calls the major U.S.-South Korean exercise "frantic war preparation," and is likely to respond with more provocative tests.

The South Korean and U.S. militaries have begun their biggest joint military exercises in years. In apparent protest, North Korea said it conducted submarine-launched cruise missile tests. The launches on Sunday signal North Korea likely will conduct more weapons testing during the U.S.-South Korean drills that are to run for 11 days. Last week, North Korean leader Kim Jong Un ordered his troops to be ready to repel its rivals’ “frantic war preparation moves.”

SEOUL, South Korea—The South Korean and US militaries launched their biggest joint military exercises in years Monday, as North Korea said it conducted submarine-launched cruise missile tests in apparent protest of the drills it views as an invasion rehearsal. North Korea’s missile tests Sunday signal the country likely will conduct…

South Korea and the United States kicked off a regular combined military exercise Monday amid heightened tensions caused by North Korea's missile tests and hardening rhetoric against the allies, according to Yonhap News Agency