Trump agrees to meet Kim


South Korean national security chief Chung Eui Yong briefs U.S. President Donald Trump at the Oval Office in Washington on Thursday.

ReutersSEOUL/WASHINGTON (Reuters) — U.S. President Donald Trump said he was prepared to meet North Korea’s Kim Jong Un in what would be the first face-to-face encounter between the two countries’ leaders and potentially mark a major breakthrough in nuclear tensions with Pyongyang.

Kim has “committed to denuclearization” and to suspending nuclear and missile tests, South Korea’s National Security Office head Chung Eui Yong told reporters at the White House on Thursday after briefing Trump on a meeting South Korean officials held with Kim earlier this week.

“A meeting is being planned,” Trump posted on Twitter after speaking to Chung, setting up what would be his biggest foreign policy gamble since taking office in January 2017.

Chung said Trump had agreed to meet by May in response to Kim’s invitation. A senior U.S. official said later it could happen “in a matter of a couple of months, with the exact timing and place still to be determined.”

South Korean President Moon Jae In, who led the pursuit of a detente with North Korea during his country’s hosting of the Winter Olympics last month, said the summit would set a course for denuclearization on the Korean Peninsula, according to a presidential spokesman. Trump had agreed to meet Kim without any preconditions, another South Korean official said.

Asian stock markets rose on the news, with Japan’s Nikkei up 0.5 percent and South Korean stocks up more than 1 percent. The dollar also rose against the safe-haven Japanese yen.

“It’s good news, no doubt,” said Hong Chun Uk, chief economist at Kiwoom Securities in Seoul. “But this will likely prove to be only a short-lived factor unless more and stronger actions follow.”

Trump had previously said he was willing to meet Kim under the right circumstances but had indicated the time was not right for such talks. He mocked U.S. Secretary of State Rex Tillerson in October for “wasting his time” trying to talk to North Korea.

Tillerson said earlier on Thursday during a visit to Africa that, although “talks about talks” might be possible with Pyongyang, denuclearization negotiations were likely a long way off.

“Kim Jong Un talked about denuclearization with the South Korean Representatives, not just a freeze,” Trump said on Twitter on Thursday night. “Also, no missile testing by North Korea during this period of time. Great progress being made but sanctions will remain until an agreement is reached.”

A meeting between Kim and Trump, who have exchanged insults that had raised fear of war, would be a major turnaround after a year in which North Korea has carried out a battery of tests aimed at developing a nuclear-tipped missile capable of hitting the U.S. mainland.

Trump’s aides have been wary of North Korea’s diplomatic overtures because of its history of reneging on international commitments and the failure of efforts on disarmament by previous U.S. administrations.

South Koreans responded positively to the news, with online comments congratulating Moon for laying the groundwork for the Trump-Kim talks. Some even suggested Moon should receive the Nobel Peace prize, although skepticism over previous failed talks remained.

North and South Korea are technically still at war after their 1950-53 conflict ended in a ceasefire, not a truce.

Daniel Russel, until last April the assistant secretary of state for East Asia and the Pacific, the most senior U.S. diplomatic position for Asia, said he wanted to see detail and hear from North Korea on the plans.

“Also remember that [North Korea] has for many years proposed that the president of the United States personally engage with North Korea’s leaders as an equal — one nuclear power to another,” he said. “What is new isn’t the proposal, it’s the response.”

A senior administration official told Reuters Trump had agreed to the meeting because it “made sense to accept an invitation to meet with the one person who can actually make decisions instead of repeating the sort of long slog of the past.”

Republican Sen. Lindsey Graham said Trump’s firm stance on North Korea gave the best hope in decades to resolve the threat peacefully.Speech

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