South Korea has suggested that the two countries form a joint team to attend the event to be held in Pyeongchang County in February.

In his speech, Kim also said that the two sides should reduce the highly tense military confrontation to create a peaceful environment for reconciliation.

The situation on the Korean Peninsula remained volatile throughout 2017, as the DPRK test-fired several ballistic missiles, including three intercontinental ballistic missiles (ICBM).

Meanwhile, the United States conducted constantly large scale military drills in South Korea and in waters around the peninsula by sending aircraft carrier groups, strategic bombers, nuclear submarines, and other strategic assets there.

The United Nations has also four times voted for imposing new sanctions in adopting resolutions against the DPRK.

On the dangerous confrontation between the DPRK and the United States, Kim said the DPRK "should further bolster up the military capabilities for self-defense."

"The United States can never fight a war against me and our state. It should properly know that the whole territory of the U.S. is within the range of our nuclear strike and a nuclear button is always on the desk of my office and this is just a reality, not a threat," he said.

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