SEOUL/BEIJING: Tensions on the Korean peninsula eased slightly on Monday as South Korea鈥檚 president said resolving Pyongyang鈥檚 nuclear ambitions must be done peacefully and key US officials played down the risk of an imminent war with North Korea.
Concern that North Korea is close to achieving its goal of putting the mainland United States within range of a nuclear weapon has underpinned a spike in tensions in recent months.
US President Donald Trump warned at the weekend that the US military was 鈥渓ocked and loaded鈥� if North Korea acted unwisely after threatening last week to land missiles near the US Pacific territory of Guam.
鈥淭here must be no more war on the Korean peninsula. Whatever ups and downs we face, the North Korean nuclear situation must be resolved peacefully,鈥� South Korean President Moon Jae-in told a regular meeting with senior aides and advisers.
鈥淚 am certain the United States will respond to the current situation calmly and responsibly in a stance that is equal to ours,鈥� he said.
While backing Trump鈥檚 tough talk, officials including National Security Adviser H.R. McMaster on Sunday played down the risk of the rhetoric escalating into conflict.
鈥淚 think we鈥檙e not closer to war than a week ago, but we are closer to war than we were a decade ago,鈥� McMaster told ABC News鈥� 鈥淭his Week.鈥�
US Central Intelligence Agency Director Mike Pompeo said North Korean leader Kim Jong Un might well conduct another missile test but talk of being on the cusp of a nuclear war was overstating the risk.
鈥淚鈥檝e seen no intelligence that would indicate that we鈥檙e in that place today,鈥� Pompeo told 鈥淔ox News Sunday.鈥�
North Korea reiterated its threats on Monday, with its official KCNA news agency saying 鈥渨ar cannot be blocked by any power if sparks fly due to a small, random incident that was unintentional.鈥�
鈥淎ny second Korean War would have no choice but to spread into a nuclear war,鈥� it said in a commentary.
MISSILE DOUBTS
South Korean Vice Defense Minister Suh Choo-suk agreed North Korea was likely to continue provocations, including nuclear tests, but did not see a big risk of the North engaging in actual military conflict.
Suh again highlighted doubts about North Korea鈥檚 claims about its military capability.
鈥淏oth the United States and South Korea do not believe North Korea has yet completely gained re-entry technology in material engineering terms,鈥� Suh said in remarks televised on Sunday for a Korea Broadcasting System show.
The United States and South Korea remain technically still at war with North Korea after the 1950-53 Korean conflict ended with a truce, not a peace treaty.
Tension in the region has risen since North Korea carried out two nuclear bomb tests last year and two intercontinental ballistic missile tests in July, tests that the North often conducts to coincide with important national dates.
Tuesday marks the anniversary of Japan鈥檚 expulsion from the Korean peninsula, a rare holiday celebrated by both the North and the South. Moon and Kim, who has not been seen publicly for several days, are both expected to make addresses on their respective sides of the heavily militarised border.
Trump has urged China, the North鈥檚 main ally and trading partner, to do more to rein in its neighbor, often linking Beijing鈥檚 efforts to comments around US-China trade. China strenuously rejects linking the two issues.
Trump will issue an order later on Monday to determine whether to investigate Chinese trade practices that force US firms operating in China to turn over intellectual property, senior administration officials said on Saturday.
China鈥檚 official China Daily said such an investigation would poison the relationship between the two countries.
鈥淏y trying to incriminate Beijing as an accomplice in (North Korea鈥檚) nuclear adventure and blame it for a failure that is essentially a failure of all stakeholders, Trump risks making the serious mistake of splitting up the international coalition that is the means to resolve the issue peacefully,鈥� it said.
鈥淗opefully Trump will find another path. Things will become even more difficult if Beijing and Washington are pitted against each other.鈥�
STOCKS RALLY
Asian stocks rallied on Monday as investors took heart from the less bellicose rhetoric after fleeing riskier assets last week.
Financial markets regard tensions between Pyongyang and Washington as more serious than in the past, South Korean Finance Minister Kim Dong-yeon said.
鈥淭he effect from North Korea-related jitters on financial and foreign exchange markets has been causing some global anxiety and we cannot rule out market volatility can widen from the smallest shock,鈥� he said.
Kim Dong-yeon will meet South Korea鈥檚 central bank governor on Wednesday to discuss the risk to markets and potential stabilising measures, according to the Bank of Korea.
US Chairman of the Joint Chiefs of Staff Joseph Dunford is visiting Seoul to discuss the rise in tensions ahead of major US-South Korean joint military drills scheduled for later this month.
South Korean Defense Ministry spokesman Lee Jin-woo said the drills, long a source of aggravation for Pyongyang, would go ahead as planned.
鈥淭hey are just, legal and annual drills that are focused on defense and to curb North Korea鈥檚 provocations,鈥� he told a regular briefing in Seoul.
Korea tensions ease slightly as US officials play down war risks
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