What is going on re: North Korea?

Just a few days ago the number one story was the missile launch by North Korea. The sexual harassment charges against leading liberal journalists and politicians have pushed the North Korea story out of the picture. So what is going on? There is a Russia/China effort to get the US and South Korea to cancel their scheduled joint military exercises scheduled for December and for North Korea to suspend all nuclear and missile tests.

Yahoo reports,

...In just three months, South Korea hosts the Winter Olympics at a resort just 80 km (50 miles) from the heavily fortified border with North Korea.

Read more here.