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Significance

Seoul anticipates a North Korean delegation of 400-500 people, including not only athletes but also reporters, observers and officials.

Impacts

Pyongyang's Olympic olive branch is a major tactical change, but it is premature to see it as a strategic shift.

Military talks will address the cross-border security implications of Pyongyang joining the Games, but probably not broader issues.

South Korea's president will try to extend the Olympic thaw into other spheres, but wider engagement will prove tricky.

The US president is supportive, claiming credit for the breakthrough, but Washington may see further South Korean concessions as excessive.

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