North Korea: Change in stand over South Korea – Danske Bank

North Korea’s leader Kim Jong Un has invited South Korean President Moon Jae-in for a meeting in Pyongyang and the invitation was verbally delivered by Kim’s sister, on the occasion of the current Winter Olympics in South Korea, points out Analyst, Aila Mihr at Danske Bank.

Key Quotes

“A Moon-Kim summit would mark the first time leaders of two countries have met in 11 years. While a summit in Pyongyang would signal easing tensions on the Korean Peninsula, it also risks driving a wedge in the alliance between the U S and South Korea. The question now is whether the partners can stay united in keeping up the pressure on North Korea just as sanctions limiting export revenue and curbing fuel imports start to bite. So far South Korea has reacted cautiously to the opportunity, saying any summit would need the “right conditions”. The Korean won rallied on the news.”