But the nuclear-armed North "is by no means done threatening South Korea or bolstering its so-called deterrent", Leif-Eric Easley, a professor at Ewha University in Seoul, told AFP.
Last week, Rodong Sinmun announced a plan for "retaliatory actions to punish the betrayers and human scum" in South Korea.
Pyongyang has increasingly been pressuring Seoul to break away from Washington and advocate North Korea's interests.
Tensions this month hit a climax when North Korea bombed a "joint liaison office" in Kaesong, on the North Korean side of the border, that the countries had used for almost two years to make daily calls to each other.
Kim held a preliminary meeting of the ruling party's Central Military Commission on Tuesday and chose to call off military action plans that North Korea had taken against South Korea in anger over the sending of anti-Pyongyang leaflets into the communist nation.More news: Russian Envoy Dismisses Speculations on Kim's Health l KBS WORLD Radio
"It is time for Korea to take centre stage in maintaining its own peace and security, by ending the current state of armistice and establishing a permanent peace regime on the Korean peninsula", South Korea's Vice Foreign Minister Cho Sei-young said on Wednesday.
The South Korean military was untested and few expected that the small American garrison in Korea would hold in the face of the onslaught.
Pyongyang's latest maneuver showed the North Korean leader and his sister alternating roles as a "good cop" and "bad cop" in dealing with Seoul. "But I would not read this as North Korea's about-face from its continued trajectory of pressuring the South".
"It does seem a bit early to de-escalate", Pacheco Pardo said.
The North has a different history of the conflict, which it knows as the Victorious Fatherland Liberation War, and insists that it was attacked first, before it counter-assaulted.More news: Samsung not to attend IFA 2020: Report #116929
Animosity has deepened recently as North Korea resumed aggressive rhetoric toward South Korea, blew up a Seoul-built liaison office on its territory and threatened to take steps to nullify 2018 tension-reduction deals.
Kim Yong-chol, vice chairman of the North's ruling Workers' Party Central Committee, attends a political event in Pyongyang on Monday, according to footage released by the state-run Korean Central Television.
Taking into account that the 2018 Comprehensive Military Agreement sets up the no-fly zone, the South will be forced to take corresponding military action if North uses drones.
The abrupt about-face came after North Korea ratcheted up tensions for weeks, calling South Korea an "enemy" and cutting off all cross-border communication lines.
There had been threats by the North to send troops into the demilitarised zone (DMZ) at the intra-Korean border.More news: LeBron James Reacts To Lakers JR Smith Signing
For decades, the two Koreas used the loudspeakers to denounce each other's governments, as part of a psychological warfare campaign.