But as with any deal, the most important detail lies in the fine print. Experts quickly pointed out that the language used has left Kim more room for manoeuvre than would first appear. Their scepticism has raised the wider question of whether the pace of warming relations between Pyongyang, Seoul and Washington has made expectations for the forthcoming summits simply too high.
Abraham Denmark, director of the Asia Programme at the Kissinger Institute, described the suspension of tests as "a positive signal, but not a game changer", adding that it was "easily reversible". Significantly, the six-point plan makes no pledge to destroy existing nuclear weapons and intercontinental ballistic missiles.
Melissa Hanham, a denuclearisation expert at the Middlebury Institute of International Studies, said Kim has previously declared he is "satisfied" with his nuclear programme. There have been no missile tests recently and there is perhaps no need for them now.
Further dampening any celebration are memories of broken promises. The Leap Day Deal of 2012, forged in the dying days of Kim Jong Il, Kim's father, would have frozen North Korea's nuclear and missile development and let in inspectors to its plutonium reactor in exchange for US food aid. Instead it fell apart after Pyongyang launched a satellite into space. It said it was for "peaceful purposes" but Washington said was a missile test.
Further doubts over the latest offer centre on whether there are test sites beyond the well-documented Punggye-ri. Closing the testing site does not "preclude atmospheric nuclear tests" and tests "could still be conducted under the guise of space launch vehicles. Language matters," said Vipin Narang, associate professor of political science at Massachusetts Institute of Technology in Boston. "The definitions and phrases around denuclearisation have been divergent."
The clear US demand of "comprehensive, verifiable, irreversible denuclearisation" of North Korea remains unchanged. North Korea, on the other hand, has traditionally demanded the "denuclearisation of the Korean Peninsula", referring to the perceived threat by the US and South Korea.
Despite the overtures from Pyongyang that it may be willing to allow 28,000 US troops to remain in South Korea, clarity over Kim's concessions, demands and willingness to disarm will only emerge when he sits at the negotiating table.
"I can't see how we could credibly commit to doing anything that would convince him to give up [nuclear weapons] in their entirety," said Narang. "He comes with a much stronger hand."
Narang said of the summit: "Both sides want to walk away with a win. It would allow them to say the other side is working towards denuclearisation, without committing either side to doing anything."
Bonnie Glaser, of the Centre for Strategic and International Studies, said: "Trump wants a deal. He prides himself in being able to do things that other people have not done. We're going to see a summit that at least Mr Trump says is successful and then we begin a process of negotiations and people will start taking bets on what juncture it falls apart."
Serious doubts remained over Kim's sincerity, she said. "I would say he'll try to get early sanctions release and economic assistance up front."