South Korean President Moon Jae-in today praised the declaration of a moratorium on nuclear and long-range missile tests by the North's leader Kim Jong Un, days before a summit between the two men.
Pyongyang's move was "a significant decision towards total denuclearisation of the Korean peninsula", Moon said in a meeting with aides.
Kim declared that Pyongyang had no further need for nuclear tests or intercontinental ballistic missile launches, and no further use for its atomic test site, the North announced at the weekend.
The statement was immediately welcomed by US President Donald Trump, who is expected to hold a summit of his own with Kim soon. But analysts warned that Pyongyang had made no commitment to give up its nuclear arsenal.
Moon said today that the North's move was "a green light that improves the prospect of success of the inter-Korea and North-US summits".
"If the North takes a step towards denuclearisation, starting from nuclear moratorium, it could guarantee a bright future," he added.
The latest step, he said, "raises hopes that the pace will accelerate".
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
