On the inter-Korean border islet of Changrin, rasing concerns in South Korea and ally US.
Via Yonhap (South Korea media):
- Changrin Islet is located just north of the Northern Limit Line (NLL), the de facto inter-Korean maritime border
- Multiple rocket launchers are believed to pose greater threats to South Korea than coastal guns.
Tensions on the Korean peninsula tend to be bullish for haven currencies such as the yen. This low level stuff won’t have much of an impact though. Ballistic missile tests would be a different matter.