President Moon Jae-in says there should be another inter-Korean summit soon.
"Now is the time to go ahead with an inter-Korean summit. North Korea has shown its determination to keep the dialogue going."
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During Monday's cabinet meeting, he commented for the first time on North Korean leader Kim Jong-un's speech at the Supreme People's Assembly.
He said Kim reaffirmed his commitment to achieving peace and denuclearization on the Korean Peninsula, and sitting down for the third time with U.S. President Donald Trump.
Moon said Kim has also shown his willingness to implement inter-Korean agreements, and he called for a fourth inter-Korean summit when the North is ready.
"I hope South and North Korea will be able to sit down, not bound to any location or format, to discuss ways to achieve a fruitful outcome beyond the two North Korea-U.S. summits."
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The South Korean president also said he and President Trump agreed to work together to bring North Korea back to the nuclear negotiations.
They also reaffirmed the importance of "top-down" diplomacy, based on the trust and determination of the leaders themselves, for the peace process on the Korean Peninsula.
There was, however, no mention of any plans to send a special envoy to North Korea.
But President Trump has asked President Moon to let him know Pyeongyang's stance as soon as possible.
And with the South Korean president ready to meet Kim, it's possible that the trip could take place during his three-nation Central Asia tour, which begins Tuesday.
"President Moon has officially put a fourth inter-Korean summit on the table. Sending a special envoy to Pyeongyang will accelerate preparations for the summit, which should lead to further progress along his roadmap for peace on the Korean Peninsula, something he says is a matter of survival. Park Hee-jun, Arirang News."