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North Korea Attacks South, Start of a Major New War?

Politics / North Korea Nov 23, 2010 - 08:24 AM GMT

By: Pravda

Politics

Best Financial Markets Analysis ArticleNorth Korea attacked Yeonpyeong island of South Korea in the Yellow Sea. The attack was launched in the afternoon, local time, in the area of the western sea border, where the situation had been extremely tense lately.


South Korean artillery fired back, S.Korean news agency Yonhap reports. Fourteen South Korean soldiers were wounded, four of them suffered severe injuries in the attacks, YTN television channel (South Korea) said. Officials representing South Korean Armed Forces said one S.Korean marine was killed and three seriously injured in the attacks.

The South Korean military went on its highest state of alert, the defense ministry said. South Korean air force jets were scrambled to the island, YTN said.

North Korea fired nearly 200 shells. Up to 70 houses on the island are burning, YTN reports. Eyewitnesses said that several buildings on the island collapsed. Local residents were evacuated. Some people tried to flee the island on their small fishing boats. Up to 1,200-1,300 people live on Yeonpyeong island, South Korean sources said.

The TV footage showed four plumes of smoke billowing into the sky. Eyewitnesses say that the attacks continue. Officials of South Korea's defense ministry confirmed that North Korea had fired several dozens of artillery shells.

The ministers of the Republic of Korea are gathering for an emergency meeting in connection with the incident. Presidential aides reportedly gathered for a meeting in an underground bunker. The South Korean army has been fully prepared to take emergency measures in case the incident continues to unfold.

Officials of the presidential administration of South Korea said that North Korea might have responded to military drills conducted in the South. South Korean President Lee Myung Bak stated Tuesday that he was doing his best not to let the incident grow into a large scale military conflict.

Russia's Foreign Ministry said in connection with the incident that it was highly important to prevent the aggravation of the situation on the Korean Peninsula. Officials of the Chinese administration also expressed their serious concerns about the current state of affairs in the region and said that the two Koreas must take all possible efforts to establish peace on the peninsula.

The two Koreas have exchanged fire three times during the recent several years. The last incident on the border between the two countries took place at the end of October, although no one was injured.

Last week, the S.Korean administration denounced the so-called Sunshine Policy conducted from 1998 to 2008 to engage North Korea in peace.

"The attack on the Cheonan proves that despite the qualitative growth in inter-Korea ties, North Korea has not changed. There are no positive changes to North Korea's position that correspond to the support and cooperation offered by us," officials of the Unification Ministry said.

The conflict between the two Koreas is taking place against the background of new sanctions, which the United States and its allies have been elaborating in connection with newly obtained information about Pyongyang's nuclear program.

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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