North Korea says it's still open to talks after Trump cancels summit

SEOUL (Reuters) - North Korea said on Friday it was still open to talks with the United States after President Donald Trump called off a summit with leader Kim Jong Un, saying it hoped the “Trump formula” could resolve the standoff over its nuclear weapons program.

Trump on Thursday announced his withdrawal from what would have been the first-ever meeting between a serving U.S. president and a North Korean leader, scheduled for Singapore on June 12, in a letter to Kim, citing North Korea’s “tremendous anger and open hostility”.

Trump’s decision came after repeated threats by North Korea to pull out of the summit over what it saw as confrontational remarks by U.S. officials.

“We have inwardly highly appreciated President Trump for having made the bold decision, which any other U.S. presidents dared not, and made efforts for such a crucial event as the summit,” North Korean Vice Foreign Minister Kim Kye Gwan said in a statement carried by state media.

“We even inwardly hoped that what is called ‘Trump formula’ would help clear both sides of their worries and comply with the requirements of our side and would be a wise way of substantial effect for settling the issue,” he said, without elaborating.