A separate summit between Kim and U.S. President Donald Trump is anticipated by the end of May.
Here's North Korean leader Kim Jong Un at what was said to be a missile test last May.
"According to an agreement between North Korea and China, these passes are supposed to be valid for only 30 days, but North Korea issues passes valid for periods of from six months to a year, and China does not argue over this extended period of validity", he said.
The WannaCry ransomware attack infected hundreds of thousands of computers worldwide and crippled parts of Britain's National Health Service in May.
The report suggested Kim could be "dissuaded" from using nuclear weapons - adding the leader was "ruthless. but rational".
Kim's predecessors, grandfather Kim Il-sung and father Kim Jong-il, both promised not to pursue nuclear weapons but secretly maintained programs to develop them, culminating in the North's first nuclear test in 2006 under Kim Jong-il.
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He said: "The nuclear and cyber threats posed by North Korea are typical of the new and intensifying dangers confronting the UK".
Despite the doomsday scenario, the Defence Committee claimed the crack pot dictator was still rational and could be reasoned with. The date and location of the proposed US-North Korea summit are yet to be decided.
The select committee report also covers the cyber threat posed by North Korea - which was blamed for the WannaCry ransomware attack which struck computers at NHS trusts a year ago. "Yet, in the event of North Korean aggression against South Korea and/or against the United States, it is unlikely we would stand aside".
The WannaCry attack hit targets across the world, including the NHS, in what is thought to be one of the most damaging cyber-attacks yet in the UK.
"North Korea has shown an utter lack of concern about who gets hurt by such attacks".
But in announcing talks between Kim and Trump, a South Korean official said the North Korean leader was committed to denuclearisation.
Kim, last month, made a surprise visit to Beijing and met Chinese President Xi Jinping.
A time and place have not been set for the Trump-Kim meeting to discuss denuclearization.