South Korea’s military said it fired warning shots on Friday after a North Korean commercial vessel crossed into disputed waters west of the peninsula. The ship retreated after the South also issued verbal warnings, with the Joint Chiefs of Staff noting the response followed standard protocol.
The incident occurred near the Northern Limit Line, the de facto maritime border established after the 1950–53 Korean War. The area has previously seen deadly naval clashes, and Pyongyang does not recognise the line as an official boundary.
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Of limited market impact:
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Renewed tensions highlight the fragility of maritime security near the Korean peninsula.
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Markets may watch for further provocations, though the incident followed standard protocol.
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The disputed Northern Limit Line has been the site of past deadly clashes.
