Soon after his arrival next Wednesday, Presidents Moon and Putin are expected to discuss ways to increase bilateral cooperation, including developing Russia's Far East, as well as resolving the North Korean nuclear issue and establishing peace on the Korean Peninsula.
In his published comments, Putin said the situation was "balancing on the brink of a large-scale conflict".
President Vladimir Putin warned on Friday that the standoff between North Korea and the United States was close to spilling into a large-scale conflict and said it was a mistake to try to pressure Pyongyang into halting its nuclear missile programme.
"In Russia's opinion the calculation that it is possible to halt North Korea's nuclear missile programmes exclusively by putting pressure on Pyongyang is erroneous and futile", Putin wrote.
Putin said the crisis can only be solved through "direct dialogue between all concerned parties, without preconditions".
He said Russian Federation and China 'have created a roadmap for a settlement on the Korean Peninsula that is designed to promote the gradual easing of tensions and the creation of a mechanism for lasting peace and security'. -South Korean military exercises, which Pyongyang says it sees as preparations for invasion.
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The missile launch prompted outrage from Japan and the UN Security Council, while South Korea and the U.S. conducted test bombings in a show of force.
"The two leaders noted the need to strengthen the Republic of Korea's defense capabilities to counter provocations and threats from North Korea, and reached an agreement in principle to revise the "missile guideline" to the extent hoped by the South Korean side", Yonhap quoted Cheong Wa Dae spokesman Park Soo-hyun as saying.
Russian Federation voted along with the rest of the U.N. Security Council in imposing stricter sanctions on North Korea following the two missile test launches in July, even though Moscow reject the claims, made by both North Korea and the us, that the rocket tested was a intercontinental ballistic missile (ICBM). Just a few days back, North Korea had fired a ballistic missile over the Japanese territory.
Meanwhile, the latest from Trump on North Korea is that "talking is not the answer".
US President Donald Trump later insisted that "all options" were on the table in an implied threat of pre-emptive military action, while on Thursday US heavy bombers and stealth jet fighters took part in a joint live fire drill in South Korea intended as a show of force.
This file photo taken on May 10, 2016 shows North Korean leader Kim Jong-Un waving from a balcony of the Grand People's Study House to participants of a military parade and mass rally on Kim Il-Sung square in Pyongyang.