The following is a contribution from the DPRK's Institute For American Studies. The views expressed here are not those of NK News. Original title: "Conclusion of a peace agreement is the most pressing issue to be settled down," edited for brevity.

As well known, Northeast Asia is a very sensitive region in geo-political terms in which there exists fierce competition between world powers as well as long-running, serious disputes and confrontation structures in terms of territorial and historical issues. On top of it, the Korean Peninsula, which is yet to see an end to the war and is faced with risk of war all the time, has become the world's biggest hotspot.