(LEAD) N. Korean leader Kim attends ceremony commemorating tactical ballistic missile weapon system

North Korean leader Kim Jong-un has attended a ceremony to commemorate the transfer of a new-type tactical ballistic missile weapon system, which serves as the "pivot military hardware" in the armed forces, state media reported Monday. Kim attended the ceremony, which took place Sunday, showcasing 250 new-type tactical ballistic missile launchers, according to the Korean Central News Agency (KCNA). Kim also delivered a speech, stating that an important task specified in the practical guidelines for bolstering military strength, decided at the 8th WPK Congress, has been successfully carried out. The report did not provide further details on the new system or where the inspection took place. Photos released by the KCNA suggest that the transferred weapon system is the "Hwasong-11" launcher, which is expected to be deployed in the military demarcation line area with South Korea. Kim recently said the U.S.-led alliance has changed into a military bloc based on nuclear power, using it as a rationale for stre ngthening the country's military capabilities. South Korea's military said intelligence authorities from the South and the United States have continuously tracked and monitored the North's weapons development, and said the new weapons will likely be used to threaten the South. "We assess they will be utilized for various means, such as attacking or threatening the South," Col. Lee Sung-joon, spokesperson of the Joint Chiefs of Staff, told a regular press briefing, noting how the deployment of the missile launchers near the border area suggests they are intended for close-range launches. The latest event comes as North Korea has been mostly focusing on beefing up its short- and intermediate-range missile capabilities this year with the test-launch of short-range ballistic missiles, strategic cruise missiles and hypersonic missiles. Observers say that it remains to be seen whether the North, which has been struggling with scarce resources amid international sanctions over its weapons development, can secure enough parts to manufacture missiles for the new launchers. The ceremony also comes as the North appears to have suffered from recent floods. The North's border city of Sinuiju and Uiju County in North Pyongan Province were recently pummeled by heavy rains. South Korean media outlets have reported that the number of those who died or went missing could exceed 1,000. Kim noted that the event comes at a time when the entire country is engaged in recovery efforts from flood damage, the KCNA said. Source: Yonhap News Agency