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South Korean Ship Not Sank by North

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Posted on March 27 2010 12:28 pm
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Initial speculation that North Korea might have sunk the ship had spooked Wall Street on Friday. Share prices dipped partly on geopolitical concerns, and the won dropped against the dollar.

“Given the investigations by government ministries so far, it is the government’s judgment that the incident was not caused by North Korea, although the reason for the accident has not been determined yet,” a senior government official was quoted as saying by Yonhap news agency.

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