Putin declares North Korea victor in standoff with South Korea, US

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Vladimir Putin has said he believes North Korean leader Kim Jong Un has "won this round" with Donald Trump.

On Wednesday, Trump told South Korean President Moon Jae-in the United States was open to holding talks with North Korea "under the right circumstances", according to the White House.

Pence will hold meetings with leaders in Seoul, South Korea and Tokyo, Japan where he will stress the USA commitment to stability in the region.

He said the USA was open to talks with North Korea under the right circumstances. Representatives of the Democratic People's Republic of Korea (DPRK), known as North Korea, and South Korea should handle the issues between Pyongyang and Seoul, North Korea's Ambassador to Russia Kim Hyung Jun said at a reception for the Russian media on Wednesday.

In rare talks between the rival Koreas held at the shared border village of Panmunjom, the North has agreed to send athletes and a cheering squad to the Winter Olympics in Pyeongchang next month. "I don't want to comment on it-I don't want to comment, I'm not saying I have or I haven't". The Vice President will reaffirm to the leaders of Japan and South Korea the United States' unwavering commitment to our allies and to deter and defend against the North Korean threat.

In a post on Twitter last week, Trump asserted that North Korea had gone to the negotiating table because he had been "firm, strong and willing to commit our total ‘might against the North".

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"I think that this is possible in the long run no matter how hard it may seem", he went on, focusing on the settlement of the Korean peninsula's nuclear problem.

He said the U.S. has "some problems" with North Korea, but commended recent talks between North Korean leader Kim Jong Un's regime and the South Korean government.

Trump has said North Korea won't be allowed to develop a nuclear missile capable of striking the United States, and has threatened war if economic sanctions and negotiations can't avert Kim's ambitions for such a weapon.

Fast-thawing relations between North and South Korea have renewed enthusiasm for the 2018 Pyeongchang Winter Olympics, but North Korea may be using the momentum to request other concessions from Seoul.

The agreement that North Korea would send a delegation to the Games came following previously rising tensions between the two nations, who remain technically at war.

Trump also said that he probably has a "very good relationship" with North Korean leader Kim Jong Un but did not confirm or deny if he had spoken to the leader in Pyongyang.