President Trump urges Kim Jong Un to seize 'new chapter' in future of North Korea

President Donald Trump on Tuesday hailed his historic meeting with North Korean leader Kim Jong Un as an opportunity to usher in "a glorious new era of security and prosperity" for the North Korean people, calling for Kim to seize on the opportunity in the interest of world peace.

"My meeting with Chairman Kim was honest, direct and productive," Trump said in a media availability following the meeting. "We got to know each other well in a very confined period of time under very strong, strong circumstances. We're prepared to start a new history and we're ready to write a new chapter between our nations."

Trump and Kim spent more than four and a half hours together at the Capella Hotel resort on Sentosa Island Tuesday, holding both a one-on-one sit down with translators followed by an expanded meeting with their top national security aides.

The meetings yielded a joint statement signed by both leaders in which the U.S. agreed to provide security commitments for North Korea in exchange for "complete denuclearization of the Korean Peninsula."

The agreement states that Secretary of State Mike Pompeo will be tasked with meeting with a high-level North Korean official "at the earliest possible date to implement the outcomes" of the summit.

Trump said in his press conference that U.S. sanctions against North Korea will remain in effect as the country takes steps to dismantle its nuclear program.