David Maxwell, FDD, & Gordon Chang discuss a piece in the Chosen Ibo newspaper: US cautions seven South Korean banks against [improper associations] with North Korea. A warning with two paths: Moon agreed to maximum pressure; but now that he’s had three summits with Kim, he wants maximum engagement. Moon Jae-in‘s Number One goal is unification of the two Koreas; he’s doing everything possible to help Kim Jong-un; his advisors in their youth advocated the overthrow of the South Korean government, so the political establishment in South Korea is very pro-Kim and against the US. Is this sinister? Moon wants peace at any cost. If he were malevolent, he’d do exactly what he’s doing now, so his intentions don't matter. He’s undercutting American efforts to denuclearize North Korea. Moon says the intl community must recognize DPRK’s pledges, although it's done nothing to denuclearize. . . . The North’s proposal of “one peninsula, two governments” is a way for Kim to [sabotage] the South. Moon wants peace at any cost.