North Korea agreeing to discuss denuclearisation “is evidence that President [Donald] Trump’s strategy to isolate the Kim regime is working,” US Vice-President Mike Pence has said.
He said the US had made “zero concessions” and “consistently increased the pressure” on North Korean leader Kim Jong-un.
An unprecedented summit between the two leaders is due to take place by May.
It comes only months after the pair hurled insults at each other.
In recent months, Mr Trump has belittled Mr Kim as the “rocket man”, threatening him with “fire and fury“, while Mr Kim has called Mr Trump “a mentally deranged US dotard”.
Mr Trump has hailed the dizzying shift in North Korea’s position as “great progress” but said sanctions would remain in place. No sitting US president has ever met a North Korean leader.
South Korea’s President Moon Jae-in said the news of the Kim-Trump meeting had come “like a miracle” and was a step towards denuclearisation.
However, correspondents say the North has halted missile and nuclear tests during previous talks, only to resume them when it lost patience or felt it was not getting what it demanded.
Chinese President Xi Jinping telephoned Donald Trump on Friday to welcome the development and urge all sides to avoid doing anything that could impede the improving situation.
There has been no mention of the developments as yet on North Korean state media.
Moon’s huge gamble
Analysis by the BBC’s Laura Bicker in Seoul
South Korean President Moon Jae-in has acknowledged there are obstacles ahead. He is managing expectations and so much can go wrong.
His approval ratings took a hit during the Winter Olympics after he integrated the women’s hockey team with players from the North and met a general from Pyongyang who had been accused of masterminding deadly attacks on South Koreans, though they have since rebounded.
These talks are a huge gamble with a communist state which is hard to read.
But if, just if, he helps pull it off, it may reduce the threat of nuclear war and he could win himself a Nobel Peace Prize.
If all fails, it is back to brinkmanship.
How did we reach this point?
The South Korean envoys met Mr Kim in Pyongyang this week. It was the culmination of a rapprochement that began at the New Year and saw the Koreas marching together at the Winter Olympics.
The envoys then travelled to Washington to brief Mr Trump.
Speaking outside the White House after the meeting, South Korean National Security Adviser Chung Eui-yong said Mr Kim was prepared to sit down with the US president and was now “committed to denuclearisation”.
In a statement sent to the Washington Post, North Korea’s UN ambassador said the “courageous decision” of Mr Kim would help secure “peace and stability in the Korean peninsula and the East Asia region”.
There is no indication yet of where the Trump-Kim talks might take place, but the Korean border’s demilitarised zone (DMZ) and Beijing are seen as likely options.
What could be on the agenda?
Clearly for the US, South Korea and allied nations, denuclearisation is the key issue.
North Korea has been isolated for decades because of its pursuit of nuclear weapons, in defiance of international laws.
The North has carried out six nuclear tests and has missiles that could reach the US.
However, the BBC’s Laura Bicker in Seoul says it is important to note that North Korea has not yet promised to abandon its nuclear weapons completely.
The North’s well-documented human rights abuses are also a key issue for the US.
So what does the North want? An easing, if not removal, of sanctions certainly.
Perhaps a peace treaty to finally end the Korean War and a promise that if North Korea denuclearised then the US would finally withdraw its troops from South Korea.
The US has tens of thousands of military personnel there and the massive annual joint war games infuriate the North because it believes they are preparation for invasion.
What has the reaction been?
The UN was among the most positive, with Secretary-General Antonio Guterres commending the “leadership and vision” of all concerned.
Russia, Germany, the EU and the IAEA all voiced hope that talks would reduce the risk of conflict erupting.
Other countries, such as Japan and the UK, vowed to keep up the pressure on the North to give up its nuclear ambitions.
In the US, reaction was divided – not least in Mr Trump’s own party.
“The North Korean racket for decades now has been to offer talks in exchange for bribes or other advantages. Then we pay them, and make an agreement, and when they cheat it all breaks down – until the next time,” Elliott Abrams, foreign policy adviser to Ronald Reagan and George W Bush, told CBS News,
“I hope we are not about to fall into their trap yet again.”
But Senator Lindsey Graham told the same news outlet that although he was “not naive”, President Trump’s “strong stand against North Korea and its nuclear aggression gives us the best hope in decades to resolve this threat peacefully”.