Stop blowing up the balloons. Put away the ribbons and confetti. There is unlikely to be any major celebrations as we mark the first anniversary of the historic June 13-15, 2000 summit meeting in Pyongyang between ROK President Kim Dae-jung and DPRK Chairman Kim Jong-il. In the past 12 months, relations between North and South Korea have been like a roller coaster ride, first climbing to new heights and then experiencing a series of wild twists and turns and ups and downs. The security environment on the Korean Peninsula has gone from a seemingly hopeless stalemate to one with the best real promise of peace and stability since the end of the Korean War to its current state of near suspended animation — the current condition caused by the suspension by Pyongyang of North-South high-level dialogue and the failure of Kim Jong-il to make his promised reciprocal visit to Seoul.