President Donald Trump will meet with North Korean leader Kim Jong Un by May, South Korea's national security adviser Chung Eui-Yong announced late Thursday. A South Korean delegation met with Trump at the White House on Thursday with Kim's invitation to meet, and an offer to suspend nuclear and ballistic missile tests. "I told President Trump that in our meeting, North Korean leader Kim Jong-un said he's committed to denuclearization," Chung said in a televised statement from the White house. The White House later confirmed the meeting, saying in a statement that Trump "will accept the invitation to meet with Kim Jong Un at a place and time to be determined. We look forward to the denuclearization of North Korea. In the meantime, all sanctions and maximum pressure must remain." Stocks in Japan NIK, -0.58% and South Korea SEU, +0.06% immediately surged following the announcement.