People watch a television news screen showing pictures of US President Donald Trump (C) and North Korean leader Kim Jong-Un (R) at a railway station in Seoul on November 29, 2017.

President Donald Trump said Tuesday that sanctions on North Korea are "beginning to have a big impact" following news of proposed talks between Pyongyang and South Korea.

"Perhaps that is good news, perhaps not — we will see!" Trump tweeted about the possible dialogue between the neighbors.

Trump tweet: Sanctions and "other" pressures are beginning to have a big impact on North Korea. Soldiers are dangerously fleeing to South Korea. Rocket man now wants to talk to South Korea for first time. Perhaps that is good news, perhaps not - we will see!

The United States and allies including South Korea and Japan have put increasing economic pressure on Kim Jong Un's rogue dictatorship amid its nuclear and missile development. North Korea conducted its sixth nuclear test last year. In November, Pyongyang conducted the latest in a string of missile tests, and the device flew farther than any of its previous missiles.

In his New Year's Day address, Kim said "the entire United States is within range of our nuclear weapons, a nuclear button is always on my desk." Despite the threat, he floated the possibility of talks with South Korea when the country hosts the Winter Olympics next month.