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North Korea has been demanding political and economic compensation from the U.S. for the latter’s failing to meet the completion of the KEDO’s Light-Water Reactor project by 2003 and to maintain political dialogues between the two. On the other hand, the Bush administration despises such demands and presses North Korea to accept IAEA’s nuclear inspections immediately. The socalled ‘2003 crisis’on the Korean Peninsula, however, may not be as disastrous or dramatic as the one in 1994. First, the North Korean economy has become weaker and dependent further on foreign aid for its survival. Second, North Korea’s hard line policy may bring about military countermeasures from the U.S. instead of concessions as was the case during the Clinton period. In addition, North Korea does not want to hurt the sunshine policy in the South. But, if Pyongyang found that Seoul adhere to the sunshine policy regardless of its misbehavior, it might be attracted to appeal to a hard line policy. In summary, in consideration of weakened Pyongyang and hardened Washington recently, big crises fol- lowed by big deals between North Korea and the U.S may not repeat themselves in 2003.


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: North Korea (DPRK), North Korean nuclear issue, KEDO,