Unification Minister Lee In-young on Friday expressed hope that this week's summit between President Moon Jae-in and US President Joe Biden will provide new momentum for dialogue with North Korea.

Moon and Biden are set to hold their first face-to-face summit talks in Washington on Friday (US time), with North Korea expected to be one of the key agenda items, along with cooperation on COVID-19 vaccine and semiconductor supplies.

The summit comes after the US completed its monthslong review of its policy on North Korea, which it says will take "calibrated, practical" steps to rid the reclusive regime of its nuclear arsenal.

"The Korean Peninsula is now at a crossroads of change and opportunity for moving the history of peace a step forward," Lee told a forum held north of Seoul on the peaceful use of the Demilitarized Zone separating the two Koreas.

"In particular, through the South Korea-US summit slated for early tomorrow morning, Korea time, I would like to use this event as a chance to pray and hope that a new atmosphere can be created for dialogue between the US and North Korea and cooperation between the South and the North," he added.

Inter-Korean relations remain stalled since a summit between North Korean leader Kim Jong-un and then US President Donald Trump in early 2019 broke down as they failed to match Pyongyang's denuclearization steps with Washington's concessions, including sanctions relief.

In a speech delivered via video link at a separate forum later in the day, Lee said that an atmosphere favorable to dialogue can be created if there is discussion on applying sanctions on North Korea "flexibly" in a way that cross-border cooperation can be allowed in the humanitarian sector.

Lee urged North Korea to also "flexibly" respond to Seoul and Washington's offers for engagement.

"Should North Korea respond flexibly to our government's pursuit of the peace process on the Korean Peninsula and the Biden administration's new North Korea policy, the timetable for peace and cooperation on the Korean Peninsula will be surely moved up and sped up," he added (Yonhap)