Seoul is aiming to build the US$330 million defence system to intercept rockets fired by North Korea South Korea has unveiled a plan to build a US$330 million defence system similar to Israel's Iron Dome to intercept rockets fired by the North - as newly inaugurated US President Donald Trump called the hermit state a "nuclear power" and touted his

South Korea on Monday officially began the development of a homegrown interceptor system akin to Israel's Iron Dome to bolster its defense against North Korean artillery threats, the state arms procurement agency said.

Trump's words raise expectations about the revival of direct diplomacy between Washington and Pyongyang that has been dormant during the Biden Administration. North Korean state media took 48 hours to inform the North Korean people that Donald Trump had been inaugurated as President of the United States on Monday.