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Key developments following North Korea's rocket launch

North Korea's launch of a long-range rocket has drawn sharp condemnations and threats of new sanctions. World leaders say Sunday's launch violated a U.N. ban on Pyongyang's use of ballistic missile technology. North Korea says the launch of a new Earth observation satellite, the Kwangmyongsong 4, or Shining Star 4, is part of a peaceful space program.

A look at the latest developments on Wednesday:

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SOUTH KOREA PULLS OUT OF JOINT INDUSTRIAL PARK

South Korea said it was suspending operations at a joint industrial park with North Korea, the first time in the park's decade of operation that Seoul has halted work.

South Korean Unification Minister Hong...

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