Let's start with the news that has reverberated around the world.<br />"We'll see" has turned into "we are out "... at least for the time being.<br />U.S. President Donald Trump delivered the news in a letter that he was pulling the plug on the North Korea-U.S. summit.<br />He later spoke about it at the White House,... pointing to Pyongyang's "tremendous anger and open hostility" as the reason behind his decision.<br />However, Trump said the ball is now in Pyongyang's court,... and he's open to a summit down the road.... if the regime cools its rhetoric.<br />Kwon Jang-ho has this report. <br /> U.S. President Donald Trump shook the world with his sudden cancelation of the highly-anticipated North Korea-U.S. summit that had been set for June 12th in Singapore. <br /><br /> "I have decided to terminate the planned summit in Singapore on June 12th. While many things can happen and a great opportunity lies ahead potentially, I believe that this is a tremendous setback for North Korea and indeed a setback for the world."<br /><br /> During his statement at the White House Thursday, President Trump said a bright and beautiful future can only happen when the threat of nuclear weapons is removed, and warned Pyongyang that the U.S. is more ready than it has ever been before. <br /> Adding the U.S. has support from its allies, including South Korea and Japan, President Trump urged North Korean leader Kim Jong-un to "ultimately do what is right" for himself and for his people. <br />Stressing that his administration's maximum pressure and sanctions campaign will remain in the meantime, Trump nevertheless left the door open for a future meeting with Kim.<br /><br /> "... hopefully everything's going to work out well with North Korea and a lot of things can happen, including the fact that perhaps, and we'd wait, it's possible that the existing summit could take place or a summit at some later date. Nobody should be anxious, we have to get it right."<br /><br />The news was announced earlier in the day in a letter to Kim Jong-un that was released by the White House. <br /> President Trump's letter pointed at the "tremendous anger and open hostility" displayed in North Korea's most recent statement as the reason for the cancelation. <br /> This appears to be in relation to remarks made by North Korea's Vice Minister of Foreign Affairs, Choe Son-hui.<br />She lashed out at U.S. Vice President Mike Pence for saying the North could end up like Libya if a deal is not reached. <br /><br /> Trump concluded the letter saying the world, and North Korea in particular, had lost a great opportunity for lasting peace and prosperity, but he also put the ball back in Pyongyang's court saying he's always open for talks should Kim Jong-un change his mind. <br />Kwon Jang-ho, Arirang News. <br />