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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam US carrier to join S.Korea anti-submarine drill AFP - Wednesday, June 2 Send IM Story Print US carrier to join S.Korea anti-submarine drill SEOUL (AFP) - – A US aircraft carrier will join a major anti-submarine naval exercise with South Korea next week in a show of strength to North Korea after the sinking of a warship, reports said Wednesday. South Korea, which accuses the North of torpedoing its ship Cheonan in March with the loss of 46 lives, is also mounting a diplomatic drive at the United Nations but indicated it would not seek new sanctions. The USS George Washington will leave its base in the Japanese port of Yokosuka around Saturday and arrive in the Yellow Sea early next week, Yonhap news agency quoted a military source as saying. Major newspapers carried similar reports. Seoul's defence ministry and a spokesman for US forces in Korea declined to comment. The joint drill was initially planned for late June or early July but was brought forward to send a "strong signal and show off a firm defence posture", the source said. Yonhap said the nuclear-powered carrier will head a battle fleet comprising some 10 ships including an Aegis destroyer and nuclear-powered submarines. The South will deploy a 4,500-ton destroyer, a submarine and F-15K fighter jets. Tensions have risen sharply since South Korea announced a series of reprisals against its communist neighbour after investigators concluded last month that a North Korean submarine sank the warship near the disputed Yellow Sea border. The hardline state has furiously denied involvement and has responded to the reprisals with threats of war. The South also wants the UN Security Council to take up the issue. But Vice Foreign Minister Chun Yung-Woo, in Washington for talks with US officials, said Seoul may not push for additional UN sanctions. "You don't have to think that any Security Council action is for imposing new sanctions," Yonhap quoted him as saying Tuesday after meeting Deputy Secretary of State James Steinberg. "We expect the Security Council to send a political, symbolic and moral message that such acts as the Cheonan incident cannot be tolerated and that North Korea should be held accountable and should not repeat this kind of military provocation." Chun noted that South Korea and its allies already "have every means to impose sanctions unilaterally or multilaterally" on the impoverished North, which is already subject to a range of sanctions to curb its nuclear and missile development. Foreign Minister Yu Myung-Hwan said Washington is looking for new ways to dry up the North's hard currency sources. "While the United States is applying existing sanctions thoroughly, it is also paying close attention to the North's production of fake notes, fake cigarettes and drug trafficking," he was quoted as saying in an interview with Chosun Ilbo newspaper published Wednesday. "For the North to develop weapons of mass destruction such as nuclear weapons and missiles, it must import most components and parts from abroad and for this, it needs hard currency," Yu was quoted as saying. "If cash flows are blocked, it would therefore create hurdles to developing weapons and also restrain the North from staging provocative acts." South Korea estimates that its own reprisals will cost the North up to 300 million dollars a year. UN Security Council action needs backing from veto-wielding members Russia and China, which have traditionally been close to Pyongyang. The South has briefed Russian naval experts who arrived Monday to review the findings of the probe. China has also been invited to send a team but has not publicly responded. The sinking was expected to have a significant impact on local elections in the South Wednesday. Analysts predict a strong showing for President Lee Myung-Bak's ruling party since cross-border threats at election time -- known as the "North wind" -- tend to cause voters to rally to the conservatives. 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