News Headlines - 23 November 2010

▽World condemns deadly N. Korean artillery attack - CNN
Nations reacted swiftly Tuesday in condemning a North Korean artillery attack that South Korea said killed two marines and wounded 15 soldiers and civilians.
The strongest reaction came from South Korean President Lee Myung-bak, who ordered his military to punish North Korea "through action," not just words, the official Yonhap news agency said.

▽UN chief condemns NKorea attack on south - Fox News
U.N. Secretary-General Ban Ki-moon on Tuesday condemned North Korea's artillery attack on South Korea's Yeongpyeong Island and conveyed his concerns to the Security Council's president.
Ban called the attack "one of the gravest incidents since the end of the Korean War," his spokesman Martin Nesirky said.

▽Japan on High Alert Following North Korea's Attack - Wall Street Journal
North Korea's artillery attack on a South Korean island put the Japanese government on high alert, with Prime Minister Naoto Kan ordering his cabinet members to step up information-gathering and prepare for emergencies.

▽Behind the Koreas' Artillery Fire: Kim's Succession - TIME
Analysts in Seoul said the thread plausibly linking the nuclear revelations and Tuesday's attack in the West Sea is the leadership succession now under way in Pyongyang. Both underscore what has been a central political component of the Kim Jong Il regime, the doctrine of "military first" politics.

▽Foreign investors keep cool over Korea crisis
North Korea's shelling of an island belonging to its southern neighbour on Tuesday has not rattled foreign investors who are sticking to their investments in South Korea for now, fund managers said.
Many mutual funds hold shares in South Korean blue chip companies such as Samsung Electronics (005930.KS) and Hyundai Motor (005380.KS), and the latest escalation of tensions prompted fears foreign investors would rush for the exits.







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