The historic June 2000 summit and subsequent exchanges between North and South Korea have added a new dimension to not only South-North Korean relations but also the situation in Northeast Asia as a whole. On one hand, the thawing South- North Korean relations has generated great optimism among those who see it as an irrefutable sign of North Korea's intention to join the rest of the world as a constructive player. At the other extreme, it is seen as a deceptive, if not desperate, act on the part of North Korea to reap economic gains and lower the guard of South Korea and its allies, principally the United States. Perhaps a more realistic assessment lies somewhere between these polar analyses.