I count it as an abandoned armistice, which is what it started out as (https://en.wikipedia.org/wiki/Korean_Armistice_Agreement), abandoned through the deeds and words of the North. Which, without another huge helping of "Chinese volunteers" simply lacks the military strength to do a whole lot more without retaliation they, or rather their nomenklatura, aren't willing to bear.
And, oh, more than a few attempts to kill the head of the government of South Korea? (https://en.wikipedia.org/wiki/Rangoon_bombing https://en.wikipedia.org/wiki/Blue_House_raid https://en.wikipedia.org/wiki/Yuk_Young-soo#Assassination), naval combat ... this is a most hot "cease-fire", just look through the grab bag of topics here: https://en.wikipedia.org/wiki/Category:North_Korea%E2%80%93S...
I count it as an abandoned armistice, which is what it started out as (https://en.wikipedia.org/wiki/Korean_Armistice_Agreement), abandoned through the deeds and words of the North. Which, without another huge helping of "Chinese volunteers" simply lacks the military strength to do a whole lot more without retaliation they, or rather their nomenklatura, aren't willing to bear.