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N. Korea says it will seize 5 S. Korean assets (AP)

South Korean Navy's Underwater Demolition Team (UDT) members dive to search for possible survivors and bodies of the sunken naval ship Cheonan in the water off Baengnyeongdo, an island near the border with North Korea, April 2, 2010. REUTERS/Jo Yong-HakAP - North Korea said Friday it will confiscate five South Korean-owned properties at a jointly-operated mountain resort in the isolated communist country, a development likely to worsen already-soured relations.


Tags: communist country, Korean, north korea, seize, assets

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