WATCH LIVE: Obama and South Korean president hold joint press conference

Earlier in the day the two leaders will take part in bilateral talks at the White House.

This year marks the 60th anniversary of the United States - Republic of Korea alliance. Park's visit is aimed at showcasing the bond, friendship and economic ties between the two countries, according to the White House.

White House Press Secretary Jay Carney told reporters on Monday that Obama and Park will discuss a "full range of topics, including North Korea, the U.S. strategy in Asia, as well as economic ties to South Korea and the region."  

Carney said that conversations on North Korea are "ongoing at the leader level as well as at the lower levels between foreign ministers and defense ministers and security and intelligence professionals."

"We work very closely with our allies in Seoul on the challenge presented by the behavior of the North Korean regime, the provocations that Pyongyang engages in periodically and has of late engaged in. And the coordination between our two nations in reaction to that has always been strong and will continue to be," said Carney.

Park, who took office in February, is the first woman president of South Korea. She will also address Congress during her trip to Washington, which was announced last month by Speaker John Boehner (R-Ohio).

“Given the North Korean regime’s recent provocative actions,” Boehner said in a statement along with the announcment. “President Park’s address to Congress will serve as a vital and timely reminder that Americans and South Koreans will continue to stand shoulder to shoulder to preserve our hopes for peace and freedom.”

Her speech to Congress is scheduled for tomorrow, May 8 at 10:30 a.m.