"From 21 April, North Korea will stop atomic tests and dispatches of intercontinental ballistic rockets," the nation's state news organization said.
Mr Kim said additionally tests were pointless in light of the fact that Pyongyang's atomic capacities had been "confirmed".
The unexpected declaration comes as North Korea plans for memorable chats with South Korea and the US.
Mr Kim is because of meet his South Korean partner Moon Jae-in one week from now for the primary between Korean summit in finished 10 years, and US President Donald Trump by June.
The two nations have been pushing Pyongyang to denuclearise and they responded emphatically to the most recent advancement.
"This is uplifting news for North Korea and the World - huge advance!" Mr Trump tweeted after the declaration.
On Thursday, the US pioneer said there was a "brilliant way accessible to North Korea when it accomplishes denuclearisation".
A representative for the South Korean president called the North's turn "significant advance".
"It will likewise add to making an exceptionally positive condition for the achievement of the up and coming South-North summit and North-United States summit," an announcement from Mr Moon's office said.
China, North Korea's fundamental partner, additionally respected the move, saying it would "help enhance the circumstance on the landmass".
Why has Pyongyang ended tests?
The choice to suspend rocket dispatches was made amid a gathering of the decision gathering's focal advisory group on Friday, the Korean Central News Agency (KCNA) said.
In an announcement cited by the office, Mr Kim said it was not any more important to direct rocket tests on the grounds that "atomic weaponisation" had been accomplished.
"The northern atomic test site has finished its main goal," he said.
This echoes a past explanation made amid a New Year address in which Mr Kim proclaimed his atomic and ballistic rocket programs finished.
After six atomic tests North Korea may feel it doesn't have to overhaul its current plans.
In spite of the fact that Pyongyang said it would abrogate its atomic test site, there is no sign it is wanting to dispose of its current weapons.
The choice to end rocket tests is likewise gone for seeking after monetary development, as indicated by KCNA. Mr Kim apparently swore to "focus all endeavors" on building up a communist economy amid Friday's gathering.
The summit is the prize
By Ankit Panda, senior individual at the Federation of American Scientists
These concessions from North Korea have preceded the two expected summits with the US and South Korea.
One may ask why Mr Kim should surrender such a great amount ahead of time as opposed to holding tight to an atomic test-boycott and an ICBM ban as secret weapons.
The appropriate response is straightforward: a summit with a US president is a sufficient prize in itself. For Mr Kim, it's something that neither his granddad nor his dad could achieve.
What North Korea loses by wrecking its atomic test site and submitting to a one-sided ban on ICBM dispatches is completely middle of the road contrasted with what Mr Kim picks up by sitting close by President Trump.
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