Kang Chul-hwan, CEO of the North Korea Strategy Center, discusses whether Kim Jong-un is anxious about US attempts to remove him, internal loyalty, and the possibility of regime collapse after Maduro's arrest. He argues that Trump's pin-point decapitation strategy is the regime's greatest fear, that North Korea's nuclear threat is mainly coercive and unlikely to be used, and that public discontent could explode if fear breaks. The conversation also covers hypersonic missile launches, the prospect of a Trump-Kim meeting, North Korea's isolation, and possible China-South Korea pressure. No specific securities, commodities, or investable assets were named or recommended.