 and I think what we'll do now is go to Korea. Kim Hong-kyun has been a diplomat for a very long time. He's now out of the game recently, but has been the special representative for the Korean Peninsula Peace Dialogue, and I'm sure he has some interesting things to tell us about what's going on with Mr. Trump and Mr. Kim. Thank you. Thank you for our kind introduction. I thank the World Policy Conference for having me here today, and I thank the audience for staying late to listen to our panel. What there is nothing new under the sun says in the Old Bible, but I see completely new foreign policy trends being developed in and around the Korean Peninsula. First, the U.S. president is directly dealing with the North Korean leader, including through face-to-face symmetry as well as beautiful love letters. And second, South Korea is under verge of divorcing with its closest neighbor country, Japan, with which we share common values, common security interests, and the ally. And third, the U.S.-China rivalry expands from trade dispute into technological competition and now into security and military area, and it spills over to the Korean Peninsula. Let me elaborate a little bit further. First, on North Korean nuclear issue, U.S.-North Korea working-level talks on denuclearization of North Korea finally resumed two weeks ago and quickly broke down without any outcome. Since President Trump had a historic summit meeting with Kim Jong-un of North Korea last year in Singapore, there has been no meaningful progress in the process of denuclearization of North Korea. And there is no agreement on neither the definition of what denuclearization of North Korea is, neither on the roadmap to achieve the fully, finally, fully verified denuclearization of North Korea. North Korea wants key sanctions against its fully relived in exchange for the dismantlement of Youngbyul nuclear facilities, which is only a part of its huge nuclear weapons program. And it does not include its massive nuclear weapons arsenal. President Trump completely immersed himself in the re-election campaign, and he put North Korea as his biggest diplomatic achievement. President Trump wishes Kim Jong-un to be his loyal lover until the election day next year, but Kim Jong-un may think differently. He would think his star is finally brightening, and now he has the upper hand. So at a certain point between now and early next year, Kim Jong-un may threaten President Trump to resume an ICBM test unless President Trump agrees to a deal, a good deal for Kim Jong-un, but bad one for President Trump and for the world. Whether President Trump will succumb to this threat to save his re-election campaign or call Kim Jong-un a bluff by reintroducing foreign fury is anybody's guess. Either way, I think the goal of denuclearization of North Korea will vanish and North Korea will become a de facto nuclear weapon country. Second, South Korea-Japan relationship looks as bad. The relationship of two countries has always been bumpy to say the least, but it has never been this bad. In response to Japan's economic retaliation for our historic dispute, South Korean government terminated the military information sharing agreement with Japan called JISOMIA. And this brought about strong concern and deep disappointment on the part of the United States because the agreement is a symbol of the U.S.-South Korea-Japan trilateral security cooperation and the United States made great efforts to help conclude this agreement in 2016. For now, the chances for the amelioration of the relationship looks very dim. Prime Minister Abe seems determined to radically change the nature of Japan's relationship with South Korea once and for all. In South Korea, the emotion of the people and the nationalistic sentiment is so intense that it will be very difficult for President Moon Jae-in to find an easy solution. President Trump seems not cared. He has no appetite to mediate between these two countries. In the meantime, China-Russia coordination regarding Korean Peninsula becomes even closer and the U.S.-South Korea-Japan trilateral capability to deter, to respond to North Korean nuclear and ballistic missile provocations becomes further weaker. Lastly, U.S.-China rivaly poses new and old headaches to South Korea. U.S.-China trade dispute negatively affects South Korea by reducing export, especially to China. U.S.-China technological war puts South Korea in an awkward position between the two countries as shown in the case of Huawei in which U.S. requests the South Korean companies not to use 5G communication equipment by Huawei. If U.S.-China rivaly further deteriorates and bifurcates global supply chain, South Korea could be in difficult position to take a side between the two. The U.S. decision to withdraw from the Intermediate Nuclear Forces Treaty and decide to deploy land-based intermediate-range ballistic missile in Asia could pose a serious risk for South Korea if the U.S. wants to put these missiles in the South Korean soil. So to conclude, new foreign policy trends are being developed in East Asia, especially serving the Korean Peninsula. And I think South Korean needs both a well-thought strategy as well as lots of luck to navigate this uncharted territory safe and sound. Thank you. Thank you, Mr. Kim, very, very much. It brings one, obviously, to ask is the United States still a reliable, not just partner, but mediator and leader of its alliances and I think that's just part of the challenge that our next speaker, Douglas Paul, has.