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DATE=7/27/1999 TYPE=CORRESPONDENT REPORT TITLE=NORTH KOREA/MISSILE (L) NUMBER=2-252179 BYLINE=NICK SIMEONE DATELINE=SINGAPORE CONTENT= VOICED AT: INTRO: The United States, Japan and South Korea are warning North Korea not to go ahead with another test of a long range missile, saying doing so would lead to serious negative consequences. Instead, as Correspondent Nick Simeone reports, the foreign ministers of all three countries meeting in Singapore are calling on Pyongyang to seize the opportunity to strengthen its economic and political ties with the rest of the world. TEXT: The three foreign ministers are unanimous in their message to Pyongyang -- move ahead with another long-range missile test and face a possible cut off of foreign assistance. Secretary of State Madeleine Albright. // ALBRIGHT ACT // We stressed that another long range missile launch, whether declared to be a missile test or an attempt to place a satellite in orbit would be highly destabilizing and would have very serious consequences for our effort to build better relations. // END ACT // Standing at her side, South Korean Foreign Minister Hong Soon-Young, whose government has been trying to engage the North, was even more blunt. // HONG ACT // In case of another missile firing, there should be penalties. They would have to pay the price for this act of provocation. // END ACT // // OPT // North Korea caught the world off guard a year ago by test firing a multi-stage rocket that could threaten South Korea, Japan and American troops stationed in the region. Military analysts doubted the North's explanation that the rocket was used to put a satellite into orbit. For a nation that continues to make hostile statements toward South Korea and the United States,any advancement in Pyongyang's long range missile capability, as well as suspicions that the reclusive government is moving ahead with its nuclear program, would set off alarm bells in the region and beyond. // END OPT // At their meeting today, the U-S, South Korean and Japanese foreign ministers called on Pyongyang to respond positively to proposals made in May by William Perry -- President Clinton's special advisor on North Korea -- to build new and positive relations with its neighbors. The former U-S Defense Secretary is expected to recommend increasing aid to the North if Pyongyang agrees to freeze its nuclear program and impose strict restraints on ballistic missiles. (SIGNED) Neb/njs/plm 26-Jul-1999 23:28 PM LOC (27-Jul-1999 0328 UTC) NNNN Source: Voice of America .