But Pyongyang has since slammed Washington for its "gangster-like" demands for complete, verifiable and irreversible disarmament, and the UN's International Atomic Energy Agency recently reported there were no indication that the North had stopped its nuclear activities.
The ban provides some exceptions for people traveling to North Korea "for extremely limited purposes", namely in national interest.
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Moon's office said it hasn't decided who it will send to North Korea or how long its delegation will stay there.
The US president said he was not considering resuming joint military exercises on the Korean Peninsula that Pyongyang considers "provocative".
The President tweeted: "This is not helpful!" The desire for a peace agreement remains extremely high among South Koreans and for the first time in history, North Koreans are hoping for peace too at the ground level.
"We are playing closer attention than ever to covert operations the United States is pushing to target us behind the curtain of dialogue and ready to take all necessary countermeasures against them", the North Korean media outlet said.
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The announcement comes after local prosecutors dropped charges in the death of a 3-year-old boy at the compound site. He was detained at the site, along with Lucas Morten, Jany Leveille, Hujhrah Wahhaj and Subhannah Wahhaj.
Moon has repeatedly called for honest efforts on all sides to denuclearize the Korean Peninsula.
The upcoming Moon-Kim summit will be the third of its kind as the two leaders met again in Panmunjom on May 26.
According to the Washington Post, Pyongyang sent Pompeo a belligerent letter that prompted him to cancel the visit, though its precise contents were not known.
In April, the two Koreas agreed to work on ending the status of war, stop all hostile acts against each other and replace a fragile armistice signed at the end of the 1950-53 Korean War with a lasting peace regime.
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We at FxWirePro also believe that to be the case.