A South Korean naval ship was sinking on Friday after possibly being hit by a North Korean torpedo and several sailors were killed, South Korean media reported.
A South Korean warship later fired at an unidentified vessel toward the north, indicating a possible attack, and the South's presidential Blue House was holding an emergency security meeting, the Yonhap news agency said.
http://www.reuters.com/article/idUSTRE62P30E20100326
Local media reports said at least 59 South Korean sailors survived the attack and an unknown number appeared to have been killed or were missing. A rescue operation was under way.
http://uk.reuters.com/article/idUKTRE62P30P20100326
I hope this incident does not turn into war like situations between South and North and If it does, then all hell will break loose during the current economic situation in the world......
TR