North Korea‘s re-designation as a “sponsor of terror” will help the United States “starve” the Kim regime, Mr Chang claimed.
The East Asia and North Korea security expert said: “The thing about that designation is that it is symbolic but it does bring with it about a handful of sanctions which were important.
“I think that the way we settle this peacefully is we just starve the regime of funds.
“Funds in order to build nukes, detonate all sort of stuff, launch missiles, engage in ‘gift’ policy – which is Kim Jong-un buying the loyalty of people around him.”
Mr Chang said cutting North Korea off and putting sanctions on the rogue state’s allies would help pacify the growing tensions that have thrown the international community into a World War 3 panic.
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He told Fox News: “We need to cut off the money and that designation helped a little bit. But there are so many more important things we need to do. That’s just a small part of the puzzle.
“There’s a lot more things we can do to disarm North Korea peacefully. For instance, much more intensive sanctions.
“Not only on North Korea but especially on North Korea’s backers – China, Russia, some other countries.”
China remains the only North Korean ally in the region due to a 1961 treaty which economically and militarily binds the two countries.
The television pundit said North Korea’s ultimate goal is to push a large US military-force presence out of the Korean peninsula in order to “take over’ neighbouring South Korea.
Seoul and Washington have a long-established military partnership, with nearly 38,000 members of US forces deployed in the East Asian country.
Mr Chang continued: “The North Koreans want to intimidate the United States so they can then get South Korea into submission so they can take it over. That’s, I think, the real danger here.
“That’s the ultimate endgame for the Korean regime. Ever since 1948, when Kim Il-sung founded the North Korean regime and that’s been their consistent goal. “
Tensions between North Korea dictator Kim Jong-un and US President Donald Trump have been escalating since the two leaders began a war of words over the summer.
US and South Korean forces are currently undertaking a five-day exercise involving 230 aircrafts in the Korean peninsula.
North Korea’s state media said the drills were pushing the country to “the brink of nuclear war” after Kim Jong-un tried to cancel the exercise.
The Korean Central News Agency said on Sunday the US and South Korea “will pay dearly for their provocations”.
It added the US is “begging for nuclear war by staging an extremely dangerous nuclear gamble on the Korean peninsula”.