North Korea Being Looked At In Cheonan Sinking

US officials have said this incident will influence how the US deals with North Korea.

According reports out of South Korea say a team of South Korean and foreign investigators reviewing the March 26, 2010 sinking of a South Korean corvette Cheonan have concluded a torpedo was the source of an explosion that destroyed the vessel and killed 46 sailors.

North Korean has denied any involvement in the incident and has accused South Korean President Lee Myung-bak of grandstanding just before the June elections. While, South Korean officials have not officially accused the North of sinking its ship, the South has made it very clear they believe the North deliberately torpedoed the Cheonan near the disputed border in retaliation for a naval firefight last year.

The US said traces of an explosive chemical substance used to make torpedoes was found in the ship's wreckage, and the state department has also said that appropriate actions will take place if the facts prove the Cheonan was intentionally sunk. The two Koreas remain in a state of war because their three-year conflict ended in a truce, not a peace treaty, in 1953.