The South Korean presidential office on Wednesday rejected claims that the situation on the Korean peninsula had reached a crisis point and said there is a “high possibility” that the North Korean issue could be “fundamentally” resolved.

“We do not agree with the claim that the Korean peninsula is at a near-crisis point,” a senior Blue House official told local media in comments confirmed by NK News, in response to a question.

The statement comes amid growing tensions on the Korean peninsula this week.

“It is true that the security situation on the Korean peninsula has become very grave