Enacted in 2010 in response to the sinking of South Korea’s Cheonan naval vessel, the May 24 measures have barred virtually all inter-Korean trade outside of the Kaesong Industrial Complex. As this was basically the extent of the South’s punitive measures in response to the Cheonan, a panel of experts agreed that it would be very hard to undo them.

However, they generally agreed that the measures have done little to curtail North Korea’s economy thanks to its trade with China and black market activity. Also, the North does not appear interested in offering an apology for the sinking, and