SEOUL/BEIJING (Reuters) - South Korea on Monday announced steps to tighten the vice on the North's already stumbling economy in punishment for sinking one of its navy ships, with both sides intensifying war-like rhetoric.
South Korean President Lee Myung-bak, in a nationally televised address, also said he would take the issue to the U.N. Security Council, whose past sanctions are already sapping what little energy North Korea's economy has left.
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