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Top South Korean presidential secretary Chung Chung-kil convened an emergency meeting of security-related officials on behalf of President Lee Myung-bak, who was making a state visit to India, according to the presidential Blue House. It said Lee was informed of the incident. Yoo Ho-yeol, a professor of North Korean studies at Korea University in South Korea, said the North's action was aimed at highlighting the need for a peace treaty to formally end the Korean War by showing that the peninsula is still a war zone. "It's applying pressure on the U.S. and South Korea," Yoo said. He said North Korea also was expressing anger over South Korea's lukewarm response to a series of recent gestures seeking dialogue. Earlier this month, North Korea called for the signing of a peace treaty and the lifting of sanctions as conditions for its return to stalled nuclear disarmament talks it quit last year. The U.S. and South Korea, however, brushed aside the North's demands, saying they can happen only after it returns to the disarmament negotiations and reports progress in denuclearization. Despite the exchange of fire, the capitals of the two Koreas were calm.
North Koreans in Pyongyang wearing thick winter coats walked briskly through the streets while a female police officer directed traffic and a crowded tram passed by, according to footage shot by broadcaster APTN. The military tensions had little effect on South Korean financial markets. Seoul's benchmark stock index fell less than 1 percent, while South Korea's currency, the won, rose against the U.S. dollar.
[Associated
Press;
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