North Korea has agreed to suspend its nuclear program and the United States has agreed to provide food aid in return.
In other words both sides seem to have gotten what they wanted but analysts say it's just a starting point.
The statements released by the two sides differed slightly.
A senior U.S. official acknowledged that the North Korean statement referred only to a moratorium on uranium enrichment failing to mention its plutonium program while the U.S. statement says the North has agreed to a moratorium on all nuclear activities at the Yongbyon nuclear complex, including uranium enrichment.
Nevertheless, the official says the U.S. has no doubt that the North will allow IAEA inspectors into its plutonium facility as well.
Plus, some differing views came to light with regard to the food aid issue.
Washington pledged 240-thousand metric tons with the prospects of additional assistance based on need whereas Pyeongyang said the U.S. will work towards providing additional food aid, apart from the 240-thousand metric tons.
Although the North agreed to the prerequisites for a resumption of six-party talks during last week's bilateral meeting, obstacles still remain.
North Korea's statement included a phrase that the U.S. might take issue with the phrase indicating that if the six-party talks resume, priority would be given to discussing the lifting the sanctions on North Korea now, as well as a provision of light water reactors.
The U.S. statement did not mention this point and it is not something that the South Korean government is likely to accept easily.
Seoul has taken a hard-line stance on Pyeongyang since the sinking of the warship Cheonan and the shelling of Yeonpyeong Island, both in 2010.
Plus, North Korea only said it will temporarily hault its nuclear program which adds another element of uncertainty to restarting the talks.
Kim Han-ul, Arirang News.