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South Korean Ship Sunk

1:16 PM, Mar 26, 2010 • By JOHN MCCORMACK
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In case you haven't seen it elsewhere, what could be the most important story in a long, long time:

SEOUL, South Korea (AP) - Military officials say a South Korean navy ship has sunk off an island not far from North Korea.

An official with the Joint Chiefs of Staff in Seoul said early Saturday that the ship sank some four hours after it began taking on water. The official spoke on condition of anonymity, in line with department policy.

The official said at least 58 of the 104 crew members have been rescued. There was no immediate confirmation of casualties. A rescue operation was still under way. ...

South Korea's Yonhap news agency reported an explosion in the rear of the 1,200-ton ship and said the military had not ruled out the possibility of an attack by North Korea. However, the military official said the exact cause was not immediately clear and said he could not confirm the Yonhap report.

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