S. Korean naval ship sinks near N. Korea; 40 missing
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Word that a South Korean naval ship sank in the tense waters around the disputed maritime border with communist North Korea set off panic: The president convened an emergency meeting and the military dispatched a fleet of ships.
Five hours later, 58 sailors had been pulled to safety but some 40 others were missing, reports said. There was no indication early Saturday that North Korea was to blame for the ship's demise, but troops kept a vigilant watch. (AP)