So can it really be possible that, after decades of mutual distrust that recently appeared to bring the two nations to the brink of war, a complete reversal is on the cards and that peace is a realistic prospect?

The big players who loom large over the Korean conflict appear deeply skeptical. Notwithstanding President Donald Trump's enthusiastic tweets ("Good things are happening, but only time will tell!") the White House statement was decidedly cool.

"On the occasion of Republic of Korea President Moon Jae-in's historic meeting with North Korean leader Kim Jong Un, we wish the Korean people well," it said. "We are hopeful that talks will achieve progress toward a future of peace and prosperity for the entire Korean Peninsula."

Japan's Prime Minister Shinzo Abe could barely conceal his doubts. "I strongly ... hope that North Korea will take concrete actions. I will keep close eyes on North Korea's actions from now," he said. In other words, I'll believe denuclearization when I see it.

"Just because he seems like a jolly man doesn't mean that his intentions are pure, or that he's unable to launch a missile again," she told CNN. "A lot of the summit, even if the true intention of President Moon Jae-in and Kim Jong Un was to work towards peace at some point, there's a lot of pageantry involved. So in some sense, he was acting."

Security and nonproliferation experts nevertheless welcomed Friday's historic meeting as a significant achievement for Moon and his policy of engagement with North Korea. But while some progress may occur, some see the chances of denuclearization, at least in the sense that the West would understand it, as slim.

"The prospects of North Korea dismantling its nuclear and ballistic missile arsenals remain as dim as ever," said Miha Hribernik, a senior Asia analyst at global risk consultancy Verisk Maplecroft.

"Once the cameras are switched off and the enthusiasm over Friday's summit declaration -- which promises a peaceful and nuclear-free Korean peninsula -- subsides, both sides will need to roll up their sleeves and get to work," Hribernik said. "We continue to maintain our long-standing view that North Korea under Kim Jong Un has no intention of unilaterally denuclearizing without the kind of security guarantees South Korea and the US cannot realistically provide."

Hribernik wrote that the North Korean "sudden charm offensive" was designed to "extract as many economic and security concessions as possible while sacrificing as little as it can in return."

The devil is certainly in the details, agrees Catherine Dill. "It's a very overused term but in this case it's absolutely true, if denuclearization is on the table -- which in fact I'm skeptical it is even though it's mentioned in the joint declaration -- that is a very complex process that requires agreement on the tiniest of details and I'm skeptical we'll get to that point anytime soon."

"I think we should keep in mind that there have been a number of agreements in the past that have never been successfully implemented," said David Maxwell, retired US Army Special Forces colonel and a fellow at the Institute of Korean American Studies.

"We should be hopeful and encouraged by the events in Panmunjom (inside the DMZ), but we also need to keep a clear-eyed view of the nature of the Kim family regime, and the history of its aggression, threats and provocations, stated claim to unify the peninsula under the North's control, and the documented human rights atrocities that are being committed against some 25 million Koreans living in the North," he said to CNN.

"Can a one-day event change the nature of the brutal Kim family regime that has existed for some seven decades? We should never forget the people living in severe oppression in the north while we admire the charm offensive conducted by Kim Jong Un," Maxwell said.

That self-assurance speaks to a larger challenge for Trump and Moon, said Catherine Dill. "To me, Kim Jong Un's confidence is much more indicative of his own confidence as a de facto nuclear power, it's much more indicative of that to me than a sincere desire for peace," she told CNN.

"Every day I watch North Korean TV and I read the newspapers and media, but actually, the propaganda work of North Korea is saying quite different things to its citizens," Thae Yong-ho, North Korea former deputy ambassador to the UK told CNN.

"It's saying that the current, this kind of peaceful atmosphere around North Korea is the direct achievement and outcome of the completion of nuclear weapons development."

It's unlikely the US will do anything to help Kim resolve economic challenges at home before North Korea shows is actively dismantling its nuclear program and allows inspectors in to carry out tests and verifications.

President Trump evinced his own continued skepticism even after Friday's momentous events. "After a furious year of missile launches and nuclear testing, a historic meeting between North and South Korea is now taking place," he tweeted later Friday.

Around an hour later, he tweeted his thanks to China, and President Xi Jinping, for all the help he had given the US, "particularly at the border with North Korea. Without him it would have been a much longer, tougher process!"

China sent congratulations on the "successful summit," while reinforcing its desire to be included in future talks. "We hope and believe that the North and South Korean sides will be able to implement the consensus reached by their leaders and continue to push for reconciliation and cooperation," said Chinese Foreign Ministry spokesperson Lu Kang.

"We hope all relevant parties keep the momentum of dialogue, work together to promote the denuclearization of the Korean peninsula as well as the process of a political settlement on the peninsula issue," Kang said.

China's President Xi Jinping is expected to visit Pyongyang, possibly before Kim meets with Trump. As the likely dates for a Trump-Kim summit approach, the stakes for the meeting grow ever higher.