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Edition: U.S. Article Comments (24) Slideshow Video Save Email Print Reprints Most Popular Most Shared South Korea vows caution over ship as North sees war | Video 2:13am EDT Early Thai election possible: finance minister | Video 3:03am EDT Calderon urges U.S. to reinstate assault weapons ban 20 May 2010 Artificial life? Synthetic genes 'boot up' cell 20 May 2010 Asian stocks dive although euro edges up | Video 2:34am EDT WRAPUP 1-Oil fouls Louisiana, BP scrambles to contain spill 1:01am EDT Annoyed by cellphones? Scientists explain why 20 May 2010 Europe Factors-Shares set to extend strong sell-off 1:12am EDT U.S. reverses stance on treaty to regulate arms trade 14 Oct 2009 Senate approves sweeping Wall St. reform bill | Video 1:01am EDT Artificial life? Synthetic genes 'boot up' cell 20 May 2010 U.S. reverses stance on treaty to regulate arms trade 14 Oct 2009 South Korea vows caution over ship as North sees war | Video 2:13am EDT Calderon urges U.S. to reinstate assault weapons ban 20 May 2010 Annoyed by cellphones? Scientists explain why 20 May 2010 Ninjas rescue student from muggers 20 May 2010 Early Thai election possible: finance minister | Video 3:03am EDT UPDATE 4-Toyota gets Tesla stake, Tesla gets Toyota factory 3:07am EDT Oil fouls Louisiana as BP scrambles to contain spill | Video 1:06am EDT Can chocolate fight aging and make your skin glow? 20 May 2010 South Korea vows caution over ship as North sees war Jack Kim and Rhee So-eui SEOUL Fri May 21, 2010 2:13am EDT Factbox Factbox: International sanctions in force against North Korea Thu, May 20 2010 Related News Scenarios: Dynamics change as North Korea blamed for ship Thu, May 20 2010 Q+A: How serious is the crisis on the Korean peninsula? 2:13am EDT North Korea gets blamed; China, South Korea get the mess Thu, May 20 2010 Related Video S Korea blames North for sunken ship Thu, May 20 2010 US backs S Korea on ship sinking < 1 / 13 > View Full Size SEOUL (Reuters) - South Korea said after a rare emergency security meeting on Friday it would respond prudently to the sinking of one of its naval ships by the North, but Pyongyang warned the peninsula was being driven to war. World | South Korea The South announced on Thursday that it had overwhelming evidence a North Korean submarine had entered its waters in March and attacked the Cheonan corvette, killing 46 sailors in what President Lee Myung-bak called a "military provocation". North Korea denied the accusation and said it was ready to tear up all agreements with the South, with which it has technically been at war for more than half a century. "It was a military provocation and violation of the U.N. Charter and the truce agreement," Lee, whose 2-½ years in office have seen relations with the North turn increasingly frosty, said in a statement. "Since this case is very serious and has a grave importance, we cannot afford to have a slightest mistake and will be very prudent in all response measures we take," his office quoted him as telling a rare emergency National Security Council meeting. Lee is expected to announce his response early next week. Defense Minister Kim Tae-young said Seoul would work with the international community to come up with non-military sanctions against the reclusive state. In the past, both sides had put a limit on their hostility. "North Korea has surpassed these limits. For those acts, the government will definitely make sure North Korea pays," Kim said. Yonhap news agency reported South Korea and the United States were considering raising the alert status on North Korea as tensions build. "PHASE OF WAR" North Korea was typically defiant. "From this time on, we will regard the situation as a phase of war and will be responding resolutely to all problems in North-South relations," the North's Committee for the Peaceful Reunification of the Fatherland said in a statement. "If the South puppet group comes out with 'response' and 'retaliation', we will respond strongly with ruthless punishment including the total shutdown of North-South ties, abrogation of the North-South agreement on non-aggression and abolition of all North-South cooperation projects." Seoul has repeatedly said it would not strike back at the North, aware that would frighten away investors already jittery about the escalating tension on the divided peninsula. Apart from international sanctions, there is little else it can do. Economic relations have come to a near standstill since Lee became president, apart from a joint factory park just inside impoverished North Korea which now has to rely almost entirely on China, its only major ally. North Korea has frequently threatened to attack Seoul but analysts say that, in the face of a much better equipped South Korean army backed by some 28,000 U.S. troops on the peninsula, any major confrontation would be suicidal for the Pyongyang leadership. But there are some analysts who warn that the more the North's now frail leader Kim Jong-il is pushed into a corner, the greater the risk of clashes. Kim is also trying to secure the succession for one of his sons. China has so far maintained its support of the North and said it would make its own assessment of the investigation into the sinking of the Cheonan. North Korea said it would send its own investigators to the South to look into the incident. But Yonhap news agency quoted a South Korean defense ministry source as saying it had no intention of allowing such a delegation. Mindful of the tension on the Korean peninsula, U.S. Defense Secretary Robert Gates and spokesmen for the White House and the U.S. State Department chose their words carefully in their responses to the report. "Clearly this was a serious provocation by North Korea and there will definitely be consequences because of what North Korea has done," said State Department spokesman P.J. Crowley. Gates said the United States was consulting with South Korea, which would decide what action to take. U.S. Secretary of State Hillary Clinton is currently visiting the region. (Additional reporting by Jonathan Thatcher; Editing by Jonathan Thatcher and Paul Tait) World South Korea Comments See All Comments (24) | Post Comment May 20, 2010 9:54pm EDT Honestly WTF!!! OBAMA YOU AWAKE? Here’s a tip. North Korea? We like them! WriteLoudly Report As Abusive May 20, 2010 9:55pm EDT Honestly WTF!!! OBAMA YOU AWAKE? Here’s a tip. North Korea? We like them! WriteLoudly Report As Abusive May 20, 2010 10:10pm EDT The North Korean regime is in very desperate straits, more so than it usually is. The people of North Korean have also come to really hate their government, so they are really in a tight bind. Their “Dear Leader” is just about to lose it, but I trust that the North will not do anything stupid. The best approach is to wait for a change of leadership in the North and see if that person is more reasonable. Like most people, I truly blame China for keeping such a despicable regime like North Korea afloat for so long. It is simply a testament to the fact that the leadership of China has no moral value, and the CCP will also be taken down by their own people eventually. I really blame the CCP for their lack of long term vision and hollow morality – it is no wonder they seem to support nearly every despicable regime in the world. marisa70394 Report As Abusive May 20, 2010 10:26pm EDT Remember the presidential campaign and the 3:00 a.m. call to the White House? I think I see the lights on in the Presidential bedroom. The competing power groups in N Korea aret are shuffling around like invisible particles in the large Hadron collider — a momentary flash then out of sight. We know about as much, maybe more, about these sub-atomic particles as we do the inner workings of the N Korean power players. With the suspected succession crisis playing out right now, we can expect more momentary flashes from collisions than usual. Hopefully, our flash interpreters can gather enough data from the flashes to figure out most of the puzzle. The biggest danger will come from those who want to shoot first and ask questions later. The decision point in this crisis will likely come on quickly without a lot of time for reflection. That’s the way it is when you face the world’s most repressive totalitarian regime with absolutely no regard for the millions of civilians it holds in enslavement. The question is, are the blood sucking fanatics in the North willing to risk all their perks by continuing their insane provocations? If they are not, then things will cool down after a year or so. If they are — well, God help the South Koreans, 32,000 Americans there, and the innocent, imprisoned millions in North Korea. There won’t be as many of them suffering after the biggest flash of all. netdoc44 Report As Abusive May 20, 2010 10:44pm EDT have we just entered a cold war ?? david9000 Report As Abusive May 20, 2010 11:14pm EDT A history lesson that is always forgotten. Everyone wants to talk their way out of problems. Which is the preferred method, I do not disagree. However, in order for your words to mean anything they must be backed by a strong military. The only rights anyone or country has; are the ones they can defend and/or enforce. South Korea running to the UN means nothing to N. Korea. War is close and if it comes to it, China loses the most. Its new found commercialism will fail. Mr. President WAKE UP, your job is Foreign Policy, let Congress handle the domestic issues. And if you apologize to N. Korea, Move to France and pretend its days before the Blitz. wbuchanan3 Report As Abusive May 20, 2010 11:19pm EDT Despite the reported inadequacies of the US anti-missile defence systems, I assume there exists an overwhelming number of interceptors south of the DMZ, in the South China sea and the Eastern coastal waters of both the North and South Koreas to guarantee interception of any of the immature delivery systems possessed by North Korea. Short story: North Korea hasn’t a chance to deliver a nuke onto South Korea or Japan. Absent a nuke, there would be a short, very bloody war with Seoul absorbing a massive burst of artillery before US and South Korea response destroyed the artillery north of the border. Then the question would be whether air strikes destroyed the north over a month or so, of a dozen small nukes did it in a couple hours. Either way the beloved leader and his offspring are dead and the country is re-united under Seoul. As the critical moment approaches, I suspect the Beloved Leader will be reported to have died of natural causes, his son has assumed control of the government and an offer for peace talks is urgently requested. North Korea will cease being a threat. quickmatch2000 Report As Abusive May 20, 2010 11:22pm EDT It’s time to take out the North Korean Govt. Enough is enough. shadeogray Report As Abusive May 20, 2010 11:24pm EDT Perhaps it’s just me. But I’m about sick and tired of the bombast and bs coming from N. Korea. They want to go for it, ok, lets go for it. I spent a good number of years working in S. Korea, with their military and I have complete and total confidence in the ability of the South Korean military to completely kick butt on N. Korea. Plus, I firmly believe that once the N. Koreans cross the DMZ and actually see what S. Korea looks like, compared to the poverty and misery in the North, they’ll turn around and head back Pyongyang and eliminate the commie bastards that have terrorized and ruled their country. erik4dale Report As Abusive See All Comments (24) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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