South Korean President Moon Jae-in on Tuesday expressed his willingness to meet North Korean leader Kim Jong Un for talks once again and vowed to "continue efforts" to resume inter-Korean operations at the now-shuttered Kaesong Industrial Complex and the Mount Kumgang tourism resort.

In a formal New Year's Address, Moon admitted that the U.S.-DPRK talks are in a state of "impasse," conveying his concerns about worsening inter-Korean relations and calling on Pyongyang to work with Seoul to find "realistic" ways to resume cooperation.