KOREA (OBSERVATORY) – North and South Korea agreed on Friday to sign a peace treaty to formally end the Korean War later this year. The move comes as the leaders of the two nations, Kim Jong-un and Moon Jae-in, met for the first time in the Demilitarized Zone.
“There will not be any more war on the Korean Peninsula, a new era of peace has begun,” Moon said after signing the declaration, dubbed the Panmunjom Declaration for Peace, Prosperity, and Unification on the Korean Peninsula. He added that the pair agreed on the complete denuclearization of the Korean Peninsula as well.
Kim and Moon met for the first inter-Korean summit since 2007 when Kim’s late father Kim Il-sung met then-South Korean leader Roh Moo-hyun. The Korean War ended in an armistice in 1953 but a formal peace treaty was never signed.