Analysis A fragile calm holds with North Korea — but don’t mistake it for stabilityWhile escalation risks have subsided, a US failure to engage or continuation of Ukraine war could alter DPRK’s calculus ![]() After several turbulent years, the Korean Peninsula appears to be entering a phase of relative calm — at least for the months ahead. The risk of deliberate escalation by North Korea has likely subsided for now, with Kim Jong Un seemingly in a “wait and see” mode regarding the U.S. and Russia, which may be nearing a peace deal in Ukraine. South Korea is also in the middle of an election cycle, and both caretaker officials and leading presidential candidates show little appetite to emulate Yoon Suk-yeol’s confrontational approach to inter-Korean affairs. [p© Korea Risk Group. All rights reserved. |