South and North Korea sign peace accord

By Xinhua

Seoul : South Korean President Roh Moo-hyun and North Korean leader Kim Jong Il signed a joint declaration in Pyongyang Thursday, an official statement issued in Seoul said.


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The Declaration for the Development of Inter-Korean Relations, Peace and Prosperity was signed at the Paekhawon State Guesthouse, the statement said.

The eight-point declaration calls for ending military hostility between the two sides and a three or four-party summit on a permanent peace treaty on the Korean peninsula.

According to the joint declaration, South and North Korea have also agreed to frequently hold summit talks to discuss pending issues, expand cross-border investments and economic cooperation projects, make joint efforts to support the six-party talks and create a special peace zone in the Yellow Sea west of the Korean peninsula.

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