Exercises 1st under President Lee Jae Myung, who has sought to restore ties with North Korea US and South Korea also staging Iron Mace military exercise at Camp Humphreys in Pyeongtaek Lee ‘sees the picture quite clearly’ that he has ‘very little leverage’ with Pyongyang, analyst Cho Hee-kyoung tells Anadolu ISTANBUL  South Korea will renounce “hostile acts” to reduce tensions with North Korea even as it is conducting military drills with the US and Japan in waters off the Korean Peninsula,