"It is imperative that Pyongyang and Washington find some way to ease the escalating tension and reach a lasting, peaceful agreement," the former president writes.
Plummeting in the polls, the president may be tempted into "Wag the Dog"-type military action against the two countries.
The award went to the International Campaign to Abolish Nuclear Weapons, composed of activists pushing for a global treaty to ban the cataclysmic bombs.
The president has no desire to seek diplomatic solutions in the standoff over nuclear weapons and ballistic missiles with Kim Jong Un.
A discussion on President Trump and North Korean leader Kim Jong Un.
Military experts view Pyongyang's recent remarks as tit-for-tat responses to Donald Trump's hardening stance against Kim Jong Un's nuclear weapons program.
The North Korean leader responds to President Trump's threatening speech given in front of the United Nations General Assembly this week.
The president's first address to the United Nations General Assembly is marked by tough talk for North Korea and Iran.
The intermediate-range weapon is fired over Japan into the northern Pacific Ocean.