Korean hostage Kim Sun-il has been decapitated by terrorists holding him in Iraq.

Kim Sun-il had been held hostage by suspected Al Qaeda-linked abductors, who originally said they'd kill him Tuesday but then extended that deadline during negotiations, according to Ahmed al-Ghreiri, an employee with the NKTS security firm that is acting as an intermediary.

But his captors apparently changed their mind and executed Kim anyway, Al-Jazeera reported.

Kim's body has been found by US forces west of Baghdad.

Al Jazeera reportedly has a video tape of the murder, which they have not broadcast yet.

The pan-Arab station said it had received a videotape showing that Kim Sun-il had been executed.

Al-Jazeera, which had not broadcast the tape, said the execution was carried out by the al-Qaida-linked group Monotheism and Jihad.

5P ET Update: Based on the initial web releases of videos of the Nick Berg and Paul Johnson beheadings, any video of Kim Sun-il's decapitation -- if it is leaked to the web -- most likely will show up at either Northeast Intellegence Network, Consumption Junction (NSFW), or Ogrish (NSFW).

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