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Edition: U.S. Article Comments (0) Slideshow Email Print Reprints Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Read North Korea artillery fire hits South island 1:22am EST Obama's 2012 re-election prospects uncertain: poll 22 Nov 2010 Raided hedge funds slammed by departures, outflows 22 Nov 2010 Analysis: N.Korea enrichment "worst nightmare" for U.S. intel 22 Nov 2010 Analysis: Irish EU bailout may not stop Portugal follow-up 22 Nov 2010 Discussed 174 Obama’s Democrats in disarray over expiring tax cuts 98 Sweet drinks, sales tax targeted to cut deficit 78 Obama’s 2012 re-election prospects uncertain: poll Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 Japanese Tourism Bra Wed, Nov 10 2010 Two Koreas exchange fire across maritime border Tweet This Share on LinkedIn Share on Facebook By Jeremy Laurence and Yoo Choonsik SEOUL (Reuters) - North Korea on Tuesday fired dozens of artillery shells at a South Korean island, setting buildings on fire and prompting a return of fire by the South, Seoul's military and media reports... Related News China urges peace and talk after North Korea shells South 2:15am EST Instant View: North Korea artillery hits South Korea island 2:42am EST Related Topics World » South Korea » North Korea » 1 / 2 Smoke rises from South Korean Yeonpyeong Island after being hit by dozens of artillery shells fired by North Korea November 23, 2010. Credit: Reuters/Yonhap By Jeremy Laurence and Yoo Choonsik SEOUL | Tue Nov 23, 2010 2:44am EST SEOUL (Reuters) - North Korea on Tuesday fired dozens of artillery shells at a South Korean island, setting buildings on fire and prompting a return of fire by the South, Seoul's military and media reports said. A witness said residents of the island of Yeonpyeong, off the west coast of the peninsula near a disputed maritime border, had been evacuated during the shelling. The exchange, which lasted for about an hour and then stopped abruptly, was the most serious between the two Koreas in years. South Korea's military said one marine had been killed and three seriously wounded in the shelling, the biggest attack in years. The island is about 3 km (1.8 miles) south of the sea border and 120 km (75 miles) west of Seoul. YTN television quoted a witness as saying 60 to 70 houses were on fire after the shelling and TV footage showed plumes of smoke coming from the island. It said a South Korean fighter jet had been deployed to the west coast after the shelling. "Houses and mountains are on fire and people are evacuating. You can't see very well because of plumes of smoke," a witness on the island told YTN. "People are frightened to death and shelling continues as we speak." News of the exchange of fire sent the won tumbling in offshore markets with the 1-month won down about four percent in NDF trading. U.S. 10-year Treasury futures rose and the Japanese yen fell. The South Korean central bank said it would hold an emergency meeting to assess the possible market impact of the shelling. South Korea's military confirmed the exchange of firing, without providing more details. The attack comes just as a U.S. envoy is traveling to the region after revelations that the North is moving ahead with uranium enrichment, a possible second path to manufacture material for atomic weapons. North Korea has said it wants to restart six-party nuclear disarmament talks it abandoned two years ago. But Seoul and Washington have said the North must move forward with previous pledges to curtail its nuclear program. "It's unbelievable," said Zhu Feng, professor of international relations at Peking University. "Today's news proves that North Korea, under unprovoked conditions, shot these South Korean islands. It's reckless provocation. They want to make a big bang and force the negotiations back into their favor. It's the oldest trick." There was no immediate comment from the White House and State Department. China, the closest the isolated state of North Korea has to an ally, expressed concern about the incident. The impoverished North depends heavily on China for economic and diplomatic support and its leader, Kim Jong-il, has visited China twice this year, in part to gain backing for the anointment of his son to eventually take over the family dynasty. Those ties have become a sore-point with Washington after reports that North Korea appears to have made big steps toward enriching uranium, possibly using technology that passed through or even originated in China. 1 2 Next World South Korea North Korea 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 Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research 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 FindLaw Reuters on Facebook 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. 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