U.S. President Donald Trump met with North Korean leader Kim Jong-un on June 12, 2018, in Singapore, in the first summit meeting between the leaders of the two countries. They signed a joint statement, agreeing to security guarantees for North Korea, new peaceful relations, reaffirmation of the denuclearization of the Korean Peninsula, recovery of soldiers' remains, and follow-up negotiations between high-level officials. Immediately following the summit, Trump announced that the US would discontinue "provocative" joint military exercises with South Korea and would "eventually" withdraw troops stationed there. Singapore, considered politically benign territory by both sides, made thorough preparations to host the summit, which took place at the Capella Hotel on Sentosa Island. According to Prime Minister Lee Hsien Loong, the summit had cost the Singaporean government S$20 million (US$15 million), half of which was spent on security measures. Each leader also met with Prime Minister Lee prior to their summit meeting. After successfully testing North Korea's first hydrogen bomb and the Hwasong-15 intercontinental ballistic missile (ICBM) in late 2017, Kim Jong-un announced his desire to send athletes to the 2018 Olympics being held in South Korea. During the games, Kim proposed talks with South Korea to plan an inter-Korean summit. On March 8, the South Korean delegation returned from the talks and traveled to the United States to deliver an invitation by Kim Jong-un to Trump for a meeting. High-level exchanges between the two sides then took place, including a visit by then CIA Director Mike Pompeo to Pyongyang and a visit by Kim Yong-chol, Vice Chairman of the Workers' Party of Korea, to the White House. Both sides threatened to cancel the summit after a round of joint military exercises by the US and South Korea, with Trump even delivering a formal letter to Kim to call off the meeting; however, the two sides eventually agreed to meet.