The leaders of North and South Korea announced the joint statement to a group of North and South Korean reporters after a closed-door meeting Wednesday morning.
The meeting between the two leaders came about four months after they last met on May 26 inside the Demilitarized Zone that divides the two Koreas.
North Korea will be staging a major military parade, huge rallies and reviving its iconic mass games on Sunday to mark its 70th anniversary as a nation.
Kim reconfirmed his firm commitment to the complete denuclearisation of the Korean Peninsula, South Korean President Moon Jae-in's special envoy said in a press briefing after visiting Pyongyang on Wednesday.
"We took the step to suspend several of the largest military exercises as a good faith measure. We have no plans to suspend anymore", said Mattis.
Korean Central News Agency (KCNA) on Sunday night confirmed the release of Tomoyuki Sugimoto, a Japanese who had been under investigation for an unspecified crime.
In a statement, Chinese foreign ministry spokesman Lu Kang said Trump's allegation was not based on facts and was "irresponsible".
Trump's decision to call off the visit came just a day after Pompeo had announced that the newly appointed special representative for North Korea Steve Biegun and he will be traveling to North Korea next week to “make further diplomatic progress towards our objective.”
"In the meantime I would like to send my warmest regards and respect to Chairman Kim. I look forward to seeing him soon!," Trump said.
The UN nuclear watchdog said there were no signs the country had stopped its activities geared towards the development of atomic weaponry, instead finding indications consistent with the ongoing operation of certain radiochemical sites.
Korean spectator Hwang Miri said the sight of the athletes marching together made her feel unification of the two countries was possible in her lifetime.
Newly obtained evidence indicates that work is underway on at least one and possibly two liquid-fuelled ICBMs in Sanumdong.
Satellite photos published on the specialised website 38 North showed that Pyongyang has begun dismantling the Sohae base.
According to 38 North, the images taken from July 20-22 and published by the North Korea-focused website, showed key facilities being dismantled at the Sohae Satellite Launching Station, located in the north Pyongan province, near the country's northwestern border with China.
US President Donald Trump and North Korean leader Kim Jong-un had last month signed a deal to work towards the "complete denuclearization of the Korean Peninsula".
"President Trump remains upbeat about the prospects of denuclearisation of North Korea (DPRK). So do I, as progress is happening," said the top US diplomat.
The statement from the North came just hours after Pompeo wrapped up two days of talks with senior North Korean officials without meeting North Korean leader Kim Jong Un but with commitments for new discussions on denuclearisation and the repatriation of the remains of American soldiers killed during the Korean War.
Pompeo will visit Pyongyang for two days before heading to Tokyo to meet with South Korean and Japanese officials.
John Bolton said top US diplomat Mike Pompeo will be discussing that plan with North Korea in the near future.
Delegations from both sides met at about 10 a.m. at the Peace House in the border village of Panmunjom, Xinhua news agency reported.
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