S. Korea Stocks: Daewoo Shipbuilding, Grand Korea, LG Innotek

South Korea’s Kospi index fell 6.80, or 0.4 percent, to 1,955.72 at the 3 p.m. close in Seoul. North Korea may have fired artillery shells into its water near the disputed western border with South Korea today, a government official in Seoul said.

None of the shells fell crossed the border into South Korean waters and the government is examining the incident, an official at President Lee Myung Bak’s office said by telephone from Seoul. The communist nation fired artillery toward South Korea’s Baengyeong island as part of what appears to be regular drills, Yonhap reported.