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The president did not specify what actions he would take, and he has on other occasions abandoned threats to dramatically escalate the war with Iran.
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The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.
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Kim Yo-jong, a powerful adviser and sister of Kim Jong-un, also said she was "unaware" of any communication with Washington, contradicting President Trump's claim her brother had responded to his outreach.
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Mykhailo Fedorov has called for elections, without addressing concerns over how they could be held while at war.
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President Trump had ordered the Defense Department to reduce joint exercises with the key U.S. ally, declaring the drills "hostile" toward North Korea.
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