The south is very much on a hair-trigger alert, as a Chinese flight found out earlier today. I can't say I blame them, a nation can only take so much provocation, and now the souths military is getting on, if not over a par with the Norths in terms of kill capability. The numerical superiority of the north is no longer a guarantee of victory, that's why the north is trying to get itself some nuclear weapons that aren't the size of a house so that they can use them to even out the technological advantage.
Of course, SM-2 and 3 missiles and Patriots nullify that advantage somewhat.
It's a complex balance of power, but it is generally swinging in the souths favour now, before long they will be capable of directing a first strike on the north and marching on Pyongyang...however the amount of refugees and chaos which would erupt from such an event is probably the primary reason they haven't punched back yet.
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