On the record, the Korean Peninsula remains technically at war because the conflict stopped without a peace treaty, the armistice still remains valid despite the recent "withdrawal" of North Korea.
The economic impact, recently the closure of the South Korean border into the North was closed. So what this mean? Economically, this deal is detrimental to North Korea, given that it relies on the $80 million in wages for North Korean workers. So we know that this could be temporary, however, this has created more problems and has further tethered relations between North-South Korea. This reaction comes after the United Nations imposed tighter restriction on Pyongyang's financial dealings, and including names into UN sanctions blacklist.
Evidence outlining previous implications from research, show a pattern of behavior from North Korea and it's counterpart's, whether it's military or economical. If there is a reaction from one country it is usually met with a harsher response which does nothing to ease tensions. Perhaps there needs to be more emphasis in engaging North Korea into peace talks, rather then acting on rhetorical's Which leads to a solution suggested by some through China, as a mediator in negotiations, given their influence on DPRK.
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