Bomi Lim
Bloomberg
November 23, 2010
North Korea lobbed artillery shells at a South Korean island near their border, killing two soldiers and setting houses ablaze in the worst attack on its neighbor in at least eight months.
South Korea returned fire with 80 shells and scrambled fighter jets as President Lee Myung Bak vowed to respond “sternly.” Local television channel YTN showed smoke billowing from Yeonpyeong island off South Korea’s northwest coast and said residents took cover in bomb shelters. Stocks and U.S. futures dropped while the dollar and Swiss franc strengthened.
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