The Lee Jae Myung administration’s vision of a “new era of peaceful coexistence and shared growth” on the Korean Peninsula faces formidable challenges. President Lee’s overtures for reconciliation have so far met with a frosty and suspicious response from North Korea. Meanwhile, the deepening quagmire in the Middle East has dashed whatever limited hope remained for a diplomatic breakthrough stemming from US President Donald Trump’s much-publicized “bromance” with Kim Jong-un.