South Korea suspends trade with N. Korea
By the CNN Wire Staff
May 24, 2010 -- Updated 0536 GMT (1336 HKT)
Seoul, South Korea (CNN) -- South Korean President Lee Myung-bak announced Monday his country is suspending trade with North Korea, closing its waters to the North's ships and adopting a newly aggressive military posture after the sinking of a South Korean warship.
"We have always tolerated North Korea's brutality, time and again," Lee said. "We did so because we have always had a genuine longing for peace on the Korean Peninsula. But now things are different."
"North Korea will pay a price corresponding to its provocative acts," he said, according to an English translation of the speech provided by Lee's office. "I will continue to take stern measures to hold the North accountable."
The White House issued a statement Monday supporting South Korea's measures, saying they were "called for and entirely appropriate."
"Specifically, we endorse President Lee's demand that North Korea immediately apologize and punish those responsible for the attack, and, most importantly, stop its belligerent and threatening behavior," the White House statement said.
"U.S. support for South Korea's defense is unequivocal, and the President has directed his military commanders to coordinate closely with their Republic of Korea counterparts to ensure readiness and to deter future aggression."
This won't end well.