http://www.nytimes.com/2008/01/31/world/asia/31korea.html
The South Korean government has convened an emergency Cabinet meeting in the wake of what could have been a hostile sinking of a South Korean warship in the Yellow Sea on March 26.
Though details are still unconfirmed, it appears that the 1,200-ton corvette Chon An (771) suffered a catastrophic explosion in its stern and sunk rapidly at 9:45 p.m. local time. Reports suggest that many of the 104 sailors aboard the ship, which was patrolling in waters southwest of Baengnyeong Island at the time of the explosion, are feared dead.