Yonhap News is reporting today that the ROK Cabinet has approved a plan to dispatch warships to the Somolian coast. Now President Lee will have to submit the plan to the National Assembly for approval. This should happen in February (after the Lunar New Year). If the National Assembly approves, this will be the first Navy overseas operational deployment in the history of the ROK.
That said, it still looks like a deployment is at least several months away…at the earliest.