"I believe we must review the possibility as I believe we could resume exchanges in various areas, such as personnel, social, cultural and sports, as long as they do not undermine the international framework of sanctions against North Korea," he added.

Chung's remarks came after his visits with political parties earlier Monday, one day after his appointment.

Moon has repeatedly stressed a need to engage the North through dialogue to rid the reclusive nation of its nuclear weapons, though he has also noted the resumption of dialogue will only be possible under right conditions.

Chung reaffirmed Seoul will not reward the North for its provocations, but again stressed the need for dialogue.

"We will sternly deal with any provocation. It is also important to enhance our defense capability to deter and prevent North Korea's additional provocations," he said.

Still, he insisted "we must restore dialogue (with North Korea) at an early date for a fundamental reduction of tension."

During his meeting with Joo Ho-young, the floor leader of the minor conservative Bareun Party, Chung displayed his resolve to root out corruption in the defense industry, long blamed for eroding the country's military capabilities.

Chung said he plans to create a "defense reform" team under his office, which will mainly deal with corrupt practices in the defense industry, Joo told reporters.

He also noted Moon's policy stance that Seoul will seek dialogue and negotiations with Pyongyang based on "overwhelming" military capabilities. (Yonhap)