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If exercises can be ceased it will be a win for the DPRK. 4 years of no military exercises would offset the US' capability to wage a war against them by at least 4 years if not more. The personnel that are currently well trained and up to speed with battle plans for a war with the DPRK will churn out of service and entirely new troops would need to be trained in a significant number of exercises. I'd wager it would take at least 2 years to bring back up to capability after Trump's term is over.
Could be worthwhile. What do they lose by stroking his ego if he's willing to give something up to get it?
"Oh okay mister Trump we understand you won't back down on the denuclearisation so how about a middle ground? Stop the military exercises as a sign of good faith and we'll open up relations."