North Korea's leader announced Sunday that his country was determined to rebuild its economy while expanding its nuclear weapons arsenal, the New York Times reported.
Korean Central News Agency said North Korea's nuclear weapons "are neither a political bargaining chip nor a thing for economic dealing," the New York Times reported.
Kim Jung Un presided over the meeting of the central committee of the ruling Worker's Party which discussed building a stronger economy and nuclear arsenal, CBS reported.
The announcement comes after military exercises from the U.S. and South Korea, the New York Times reported.
U.S. and South Korean officials are still trying to persuade North Korea to abandon its nuclear weapons through sanctions and diplomacy, the New York Times reported.
North Korea's nuclear weapons are a "treasure" that they will not trade for "billions of dollars," a KCNA statement said, CBS reported.
North Korea identified itself as a nuclear power when it revised its constitution last April, the New York Times reported.
President Obama and Thomas E. Donilon, his national security adviser, have urged Kim to learn from Myanmar where changed resulted in billions in debt forgiveness, large-scale development assistance and more foreign investment, the New York Times reported.
Economic development and expansion of their nuclear program could take place "simultaneously" because the nuclear development could allow them to limit military spending and pur more resources in agriculture and light industries, North Korea said Sunday, the New York Times reported.