Are we going to see the and of the Korean war that started almost 7 decades ago

Although the expected meeting of leaders of North and South Korea next week has sparked reports that Kim Jong Un may agree to officially end the Korean War, Pyongyang does not view Seoul as an authorized participant in peace talks.

After nearly seven decades, the Korean War, which began on June 25, 1950, and lasted for three years, remains officially unresolved. When the war ended, the North agreed to a truce but not a peace treaty. As a result, the North and South have technically remained at war for the last 68 years.

"When I met with North Korean officials last year, they said that South Korea is not 'qualified' to participate in peace treaty negotiations because it didn't sign the armistice and didn't have wartime operational control of its forces."

The prospect of negotiations has been dampened by the third-generation North Korean leader's ambitions in developing long-range nuclear missiles.

Under Kim's regime, the reclusive state has conducted its most powerful nuclear test, launched its first-ever intercontinental ballistic missile.

Since 2011, Kim has fired more than 85 missiles and four nuclear weapons tests.

Source: Bloomberg Pro Terminal

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