Via University of Maryland's Robert H. Smith School of Business,
Amid the ramped-up diplomatic and military pressure on North Korea, there is something else at play, says Charles E. Olson, professor of the practice at the University of Maryland's Robert H. Smith School of Business. It's an exercise in game theory.
In the latest verbal fireworks involving the Pacific Rim's most unstable nation, overnight North Korea accused the CIA and the South Korea National Intelligence service of supporting a terrorist cell plotting to kill its "supreme leadership" with a bio-chemical weapon and said such a "pipe-dream" could never succeed.
According to AFP, the North's Ministry of State Security released a statement saying "the last-ditch effort" of U.S. "imperialists" and the South had gone "beyond the limits."
The last few days have seen the unprecedented war of words between China and North Korea escalate dramatically.
Earlier this morning we reported that according to Korea Times, China had allegedly sent North Korea what amount to a final warning over its military provocations. The rumor cited the May issue of Hong Kong monthly news outlet Dong Xiang. It said a Chinese Ministry of Foreign Affairs junior minister invited Park Myung-ho, an official of North Korea, for a meeting. China's Foreign Minister Wang Yi attended the meeting and asked his junior to read aloud the warning to the North over the nuclear test.
With President Trump placing his faith in China's ability to keep its neighbor under control - through threats, promises, or oil embargoes - it appears, according to unconfirmed rumors spreading widely on Chinese social media Tuesday, that North Korea just got its final warning.
As Korea Times reports, Chinese news outlets have previously said Beijing could turn its back on Pyongyang if the latter conducted a sixth nuclear test. But the rumor that China has given North Korea a final warning has drawn particular interest from Weibo users.