00:00 It's Benzinga and here's what's on the block.
00:02 North Korea said it conducted its first flight test of a new type of cruise missile this
00:06 week calling it the Strategic PakGukSong-3.
00:10 South Korea's military detected the launch of several cruise missiles into waters off
00:15 the northwestern coast on Wednesday.
00:18 Cruise missiles allow North Korea to deliver nuclear weapons without having to use long-range
00:21 ballistic missiles, expanding its strike capabilities.
00:25 The test comes as tensions are high following a series of North Korean missile launches.
00:30 The launch flaunts Pyongyang's new nuclear-capable weapons systems amid deepening tensions with
00:36 the U.S. and its allies over its banned programs.
00:39 For all things money, visit Benzinga.com.
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