WASHINGTON - President Barack Obama will meet with the Republic of Korea's President Park Geun-hye on May 7 at the White House to discuss economic and security issues, including "countering the Democratic People's Republic of Korea (DPRK) threat," the White House said on Monday.

"President Obama and President Park will also discuss a broad range of economic and security issues, including continued cooperation on denuclearization of the Korean peninsula and countering the DPRK threat," the White House said in a statement.