From what I am hearing, the SK ship is sunk and a North Korean sub is suspected. Many of the sailors on SK ship are dead. Waiting for additional details to link.
The incident occurred around 9:45pm local time
Explosion occurred in the rear of the ship near ship's screw.
The ship started to sink from the rear.
Rescue ships and a flare-dropping planed were dispatched.
58 out of 104 sailors on board rescued so far.
National Police declared B-level alert on the area surrounding to Inchon and close to Yellow Sea, the area which can be impacted by development of this incident.
It is likely that these information is on time delay. According to the past pattern, they tend to sit on the report of incident and release announcement a few hours later. The information provided above could also be a few hours old in reality.
It is still early to determine the cause of the incident. Many suspect that N. Korea is behind this. However, they don't know how they did it, if NK is indeed responsible. Speculation ranges from torpedo attack from their submarine or torpedo boat, floating mines deployed by NK, Silkworm missile strike, and shore artillery fire. Some also raise the possibility that it was an accidental explosion of some munitions the ship carries.
Military is rather tight-lipped, and SK President convened the meeting of National Security Council.
Military is on alert and government officials at related agencies were called up and on emergency monitoring mode. They won't be able to go home tonight.