South Korea raised the front half of a warship that exploded and

South Korea raised the front half of a warship that exploded and sank a month ago near a contested sea border with North Korea, finding clues that support growing suspicions Pyongyang attacked the vessel.

The 1,200-tonne corvette Cheonan sank in what military officials said was likely a torpedo attack.

Forty-six South Korean sailors were killed in what could be one of the deadliest strikes by Pyongyang on its rival since the end of the 1950-53 Korean War. The North has denied involvement.

South Korea’s president on Friday gave the clearest signal yet Seoul had no plan to launch a revenge attack, calming investors worried that armed conflict would damage the South’s rapidly recovering economy.

“The probably catastrophic costs of a war on the peninsula will greatly constrain the U.S. and South Korean options for a military response, which thus remains an unlikely trigger for major military conflict,” the global strategy group Control Risks wrote in a research note this week.

No plans on retaliation.

Source Reuters