As divided Korea turns sixty-three, the Korean peninsula conflict seems like one of the most protracted and unmediated of its kind since the end of World War II. Yet, over the post-Cold War years, especially since the coming of the Kim Dae Jung administration in 1998, each has also developed mechanisms that allow it to function as a “normal” state in the international community. This paper seeks to assess the possibilities and limitations of third-party mediation in the resolution of the Korean peninsula conflict.