South Korea says North will pay a 'severe price' for missile launch

By Jack Kim and Ju-min Park SEOUL (Reuters) - South Korea said on Wednesday North Korea's announced plan to launch a satellite is really a plan to launch a long-range missile and warned that the North will pay a "severe price" if it goes ahead. North Korea should immediately call off the planned launch, which is a violation of U.N. Security Council resolutions, the South's presidential Blue House said in a statement. Seoul's warning came after the North notified U.N. agencies late on Tuesday of