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Significance

Eight months on, there is little progress on the key issues discussed at the Singapore summit: there has been no formal end to the Korean War, and the two sides are yet to agree on what ‘denuclearisation’ means in practice.

Impacts

As part of a deal in Hanoi, Trump may offer sanctions relief that allows inter-Korean initiatives to proceed.

Seoul and Tokyo fear a deal that removes the threat to the United States but leaves Pyongyang’s regional capabilities intact.

Serious deterioration of relations between Japan and South Korea strengthens Pyongyang’s position.

If inter-Korean initiatives fail, the prospects rise of South Korean conservatives recapturing the legislature in next year's election.

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