The Democratic People's Republic of Korea has made the prospect of a summit between its leader Kim Jong Un and US President Donald Trump less likely. Pyongyang says it will NEVER engage in economic trade with the US in exchange for giving up its nuclear program.

The highly-anticipated summit between DPRK leader Kim Jong Un and US President Donald Trump has been thrown into question overnight. In a statement carried by state news agency KCNA, the country said it reconsidering the historic June 12th meeting if Washington insists Pyongyang to give up its nuclear weapons.

"Mr. President, is the summit still on, sir?"

President Trump keeps silent to the reporter's questions and walk away. White House said so far it has not receive any notification to cancel the summit.

The development is the latest sign of possible backtracking, following a series of positive movements in the past few months, including the signing of the Panmunjom Declaration to formally end the Korean war and the destruction of the DPRK's nuclear test site.

Pyongyang also suspended a ministerial-level meeting today, in a sign of protest over an ongoing military drill between US and South Korea.

Both sides accused each other of violating the spirit of the Panmunjom Declaration.

BAIK TAE-HYUN, SPOKESMAN SOUTH KOREAN UNIFICATION MINISTRY "It is regrettable that the North has unilaterally postponed the inter-Korean high-level talks citing the annual South Korea-US joint aerial drills right after it informed us of the date of the talks, as it does not match with the fundamental spirit and purpose of the Panmunjom Declaration agreed by the two leaders on April 27th. The South Korean government has a strong will to diligently fulfill the Panmunjom Declaration and urges the North to come to the talks immediately for the sake of peace and prosperity on the Korean Peninsula."

South Korean Foreign Minister Kang Kyung-wha and US Secretary of State Mike Pompeo had a phone conversation after the suspension to discuss next steps.