In an act to rein in North Korea, the U.S. is preparing new sanctions on Chinese banks and firms doing business with Pyongyang possibly within weeks, two senior U.S. officials said last week.
According to Cho, proposals made to North Korea will include restoring communication hotlines, cut by North Korea previous year after its most recent nuclear test triggered economic sanctions, and restarting a Red Cross humanitarian project to reunite families separated by the Korean War.
The proposed talks - which would be held Friday in the border town of Panmunjom, if accepted - would be the first face-to-face meeting between the two sides since 2015. Seoul is hoping to reduce military tension in the demilitarized zone and arrange reunions of war-separated families.
Tensions continue to escalate on the Korean Peninsula as North Korea conducts missile tests with increased frequency.
Asked whether Seoul was open to talks on halting joint military drills with the United States, which Pyongyang has persistently demanded in the past, Cho said only that the two Koreas would "freely discuss matters of mutual interest".
Moon's government proposed two sets of talks to discuss how to dial down tensions and resume reunions of aging Koreans separated by the 1950-53 Korean War.
This year's lunar calendar holiday coincides with the anniversary of an inter-Korean statement late former President Roh Moo-hyun and late North Korean leader Kim Jong-il produced in 2007. The move came as part of the global pressure on Pyongyang to curb its nuclear and missile programs.
The proposal comes around one week after the president of South Korea said talks with the North are more important than ever in order to halt provocations.
He told a briefing Monday for a group of United Nations correspondents that "dialogue for the sake of dialogue is meaningless".
The BBC's Karen Allen in Seoul says the ultimate aim of these talks would be to end the military confrontation that has dominated relations between the two Koreas for decades. The Rodong Sinmun said a "fundamental shift" in policy was needed to reassure North Korea of Moon's intentions. The North recently voiced suspicion over Moon's North Korea policy, and some conservatives in South Korea worry that his overture might weaken worldwide pressure on North Korea.
The South´s military has deployed dozens of giant loudspeakers along the tense border to blare out a mix of world news, K-pop songs and other propaganda targeting young North Korean soldiers.
He stressed that Seoul "would not seek the collapse of the North or unification through absorbing the North", and urged Pyongyang to restore cross-border communication channels, including a shuttered military hotline, AFP said.
Previously, Pyongyang has repeatedly said it refuses to engage in all talks with the South unless Seoul turns over 12 waitresses who defected to the South past year.