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South Korea's Lee says to take North to Security Council


    SEOUL (Reuters) - South Korean President Lee Myung-bak said on Monday North Korea would pay the price for sinking a South Korean naval ship and that the South would invoke its right to defend itself if Pyongyang waged aggression again.

    Lee also said the North's commercial ships would no longer be permitted to sail in South Korean waters and that all trade and exchange with the North would be frozen, adding that Seoul will take the North to the U.N. Security Council over the ship incident.

    "Our ultimate goal is not military confrontation," Lee said in a televised address from the country's War Memorial.

    (Reporting by Jack Kim; Editing by Jonathan Hopfner)