Payload Ceiling Removed on South Korean Ballistic Missiles

US and South Korea have reached a final agreement on removing the limit on the payload of South Korean ballistic missiles.

The agreement came at a bilateral summit between the two presidents, Moon Jae-in and Donald Trump at the South Korean presidential office Cheong Wa Dae, Yonhap reported Tuesday.

"The heads of South Korea and the United States reached a final agreement on removing the limit on missile payloads," Moon said in a joint press conference with the US President.

The leaders also agreed to expand the rotational deployment of US strategic assets to South Korea and its surrounding areas, Moon said at the nationally televised press conference.

"We also agreed to immediately begin negotiations on South Korea's development and acquisition of the most advanced military surveillance assets," he added.

Moon said he and Trump reaffirmed their resolve to peacefully end the North Korean nuclear standoff.

They, however, stressed the importance of having what they called "overwhelming" strength over North Korea.

"We are showing great strength and I think they (North Korea) understand we have unparalleled strength. With that being said, I really believe it makes sense for North Korea to come to the table and make a deal that is good for the people of North Korea and people of the world," Trump said.