Korea's national CDS premium is increasing due to North Korea threat, and I'm pretty sure that it will cause high yield on Korea company's USD bond.
Due to lack of domestic confidence, Kim Jeong Un regime must push conflict to extreme, however, non of party will agree on war even including North Korea.
I looked this North Korea happening as common and very usual tactic for North Korea, and even South Korea and U.S.
(link : http://www.cnbc.com/id/100615473)
Current macro event will provide investment opportunity soon, especially bond market.