Country Risk

Announced North Korea-US summit likely to keep war risks low for three-month outlook even without military concessions

07 February 2019


On 5 February 2019, US President Donald Trump announced in his annual "State of the Union" address that he would meet North Korean Supreme Leader Kim Jong-un for the second time on 27 and 28 February 2019 in Vietnam.

This follows their June 2018 meeting, the first summit between a North Korean leader and a sitting US President. The resulting joint statement included a commitment by North Korea "to work towards the complete denuclearization of the Korean Peninsula", but its actions since have not substantially reduced its nuclear weapons capabilities. North Korea has, however, released three US citizens and returned the remains of 55 US soldiers as well as suspended testing, dismantled a missile test-stand at the Sohae site, and closed an inter-continental ballistic missile production facility; its officials continue to assert that the US has not taken "synchronous" steps to reciprocate these actions.

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