Second, "the United States and the DPRK will join their efforts to build a lasting and stable peace regime on the Korean Peninsula."
In part, this seems to include the end of U.S. military exercises with South Korea, which Trump called "war games." It does not mean a reduction in military capabilities, he clarified.
Third, Kim Jung Un committed to "work toward complete denuclearization of the Korean Peninsula," a reaffirmation of the Panmunjom Declaration, the statement he signed with South Korean President Moon Jae-In on April 27.
As with the Panmunjom Declaration, many scholars critiqued this June 12 joint-statement for lacking concrete details and a timeline to ensure the complete implementation and verification of denuclearization.
Lastly, the two leaders committed to "recovering POW/MIA remains, including the immediate repatriation of those already identified."
This relatively unexpected outcome came as the result of "countless calls and letters and tweets" the president said he received from Americans that wanted "the remains of their sons back." To his suggestion that the remains be repatriated, Trump said that Kim Jung Un replied, "It makes sense. We will do it."
The American president seemed confident that the North Korean leader will keep his promises.
"We signed a very, very comprehensive document, and I believe he's going to live up to that document," said Trump.
Trump also said that Kim had a "great personality and very smart -- good combination."
Trump attempted to help Kim envision a brighter economic future for North Korea through a short video, which he said he showed the North Korean leader on an iPad toward the end of their meeting.
"The past doesn't have to be the future. Out of the darkness can come the light, and the light of hope can burn bright," said a voice in the video over images of the planet, prosperous urban cities, and photos of Trump and Kim.
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Trump also claims to have attempted to persuade Kim to see his situation "from a real estate perspective."
North Korea has "great beaches" said Trump, who continued "You see that whenever they're exploding their cannons into the ocean, right? I said, 'Boy, look at the view. Wouldn't that make a great condo behind?' And I explained, I said, 'You know, instead of doing that, you could have the best hotels in the world right there.'"
President Trump said that he already has plans to meet next week with Secretary of State Mike Pompeo, John Bolton and his "entire team" to begin implementing the negotiated terms.
"The biggest challenge will be developing a robust verification and inspection regime - an endeavor that will test the resilience of the fledgling U.S.-North Korea working partnership," said John Park, the director of Harvard's Korea Working Group, in a statement released by the Belfer Center for Science and International Affairs.
"A key obstacle ahead will be some actors' use of the "Sentosa Statement" as a justification to further ease implementation of sanctions without linkage to denuclearization actions to maximize narrow national interests," Park continued.
In the press conference, Trump said that he would not consider removing the current sanctions on North Korea until "we are sure that the nukes are no longer a factor" and there is "significant improvement" in the human rights situation.