Despite this announcement, people in South Korea remain cautious. Let's hear what they have to say.

KIM JIN-SEONG OFFICE WORKER "Just because North Korea says it's going to suspend their nuclear weapons doesn't necessarily mean they're completely abandoning them. Because of that, preconditions need to be set in place that say they will dismantle their nuclear weapons completely, or some agreement like that, so we can move forward with long-term peace on the Korean Peninsula."

PARK JI-YE OFFICE WORKER "I do hope we are moving in the direction for peace, but I'm suspicious whether North Korea would be willing to really throw away their nuclear weapons and choose peace. Even if they are moving in the direction for peace, I think it's too early to make those judgments and we need to have more dialogue. Then afterwards, I think that's when we can make a decision."

KIM JEONG-GOO BUSINESSMAN "With the inter-Korean summit just around the corner, and the US-North Korea summit nearing, for the North Korean leadership the situation, domestically, is dire, especially from an economic standpoint. If they don't give up their nuclear weapons, they won't be able to survive, and I think this has been building. They don't have the luxury to choose, so they have to give up their nuclear weapons and come out into the global market."

CHO SUN-HEUI HOMEMAKER "Since the Korean War, has anything been achieved? Think about how much the North Koreans made us suffer. They always demand material goods from us and when we give it to them, then they turn around and do something else. The South Korean people don't believe them."