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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Suspected North Korea weapons ship heads home Mon Jul 6, 2009 2:10am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jack Kim SEOUL (Reuters) - A North Korean ship tracked by the U.S. Navy on suspicion of carrying a banned arms cargo is expected to return home on Monday after a voyage that tested U.N. sanctions aimed at punishing Pyongyang for its May nuclear test. The ship's return may decrease tensions that were raised after North Korea fired seven ballistic missiles on Saturday in an act of defiance toward the United States on its Independence Day. The aging cargo ship Kang Nam, which set sail in mid June, was headed back to North Korea and is expected to arrive on Monday, South Korean Defense Ministry spokesman Won Tae-jae said. Local dailies said it was headed for the North's port of Nampo after a journey that took it close to Myanmar. A U.S. envoy coordinating the enforcement of U.N. sanctions on the North held talks in Malaysia with officials. South Korean dailies said the discussions focused on possibly shutting down bank accounts used by the North for suspected illicit deals. "The Obama administration has uncovered suspicious North Korean bank accounts in Malaysia," the Joongang Ilbo newspaper quoted a diplomatic source in Washington as saying. A Malaysian official had described the visit by U.S. Ambassador Philip Goldberg as "routine." Foreign Minister Anifah Aman said: "We are not going to act on every accusation that is being leveled at us because that would be virtually impossible but if they have evidence we will be most willing to work together to solve this problem." Goldberg last week discussed enforcing sanctions with China, the North's biggest benefactor whose participation is essential for the punishment to take effect. The U.N. sanctions imposed after the North's nuclear test were aimed at halting its arms trade, which is a vital source of foreign currency for the cash-short state. They also called on states to clamp down on the North's suspected arms shipments. South Korea's stock market opened mostly flat on Monday, brushing off the barrage of missiles in a typical display of indifference to the North's military actions in recent years. "Stocks tend to react somewhat the first time around, but after a series of launches, tend to grow indifferent," said Lim Dong-min, a market analyst at KB Investment & Securities. South Korea's main stock index has risen by 1.7 percent since the May 25 nuclear test but major military moves by the North can spark short-lived and sharp falls in stocks. MISSILE TEST AND SANCTIONS U.S. Vice President Joseph Biden dismissed North Korea's recent missile launches as predictable and said in a TV interview aired on Sunday it was part of "attention-seeking" behavior by the reclusive state. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Recession pushed 90 million into extreme poverty Also on Reuters Blog: Abe Lincoln, the Big Cheese! 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