Would a Palaver Tree help the Korean Peninsula?

Defense secretary Leon Panetta was quoted recently saying "we're within an inch of war almost everyday in that part of the world (Korean Peninsula) and we just have to be very careful about what we say and what we do." What would happen if world leaders were to sit down around a Palaver tree and discuss the issues of the peninsula? Would any good come out of it?
I honestly doubt any good would come from it. The idea that North Korea's radical government would sit down and discuss their views with western powers calmly just wouldn't happen. They'd be shooting off more long range missiles to show their power while their civilians starve. Although the Palaver Tree sounds like a great way to manage conflicts between tribes it wouldn't work for todays countries, there is just too much at stake. Truth just couldn't be swept under the rug in order to foster harmony. If these countries were able to ignore the truth at hand and foster a harmonious relationship how long would that last till it surfaced that North Korea had a long range nuclear bomb? Truth above harmony should be sought these days. Although the Palaver tree might be a good way to resolve smaller conflict it just won't work for everything. Especially when war could mean the destruction of our world as we know it.