North Korea and South Korea have agreed to denuclearize the peninsula and later this year formally end the war between the two nations that began in 1950.

Interested in North Korea?

Add North Korea as an interest to stay up to date on the latest North Korea news, video, and analysis from ABC News.
Add Interest
The nations signed an armistice when the fighting ended in 1953, but they've now agreed to pursue a proper peace agreement tied to the "common goal of realizing, through complete denuclearization, a nuclear-free Korean Peninsula."
PHOTO: North Korean leader Kim Jong Un and South Korean President Moon Jae-in meet in the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27, 2018.
SLIDESHOW: North and South Korea unite at historic summit
Kim Jong Un, the leader of North Korea, has pledged a "new history" with the South Koreans. Together with South Korean President Moon Jae-in, he has agreed to work on a permanent peace agreement and work toward a "complete denuclearization of the Korean peninsula."
"We talked about peace and prosperity," Moon said. "A bold decision has been made. Big applause should be given to Kim Jong Un."
Moon called the meeting "historical" and "a valuable time." To achieve a complete peace the two nations will collaborate and "change the order of the Korean peninsula."
PHOTO: Kim Jong Un and Moon Jae-in participate in a tree-planting ceremony next to the Military Demarcation Line that forms the border between the two Koreas at the truce village of Panmunjom, April 27, 2018.Korean Summit Press/AFP/Getty Images
Kim Jong Un and Moon Jae-in participate in a tree-planting ceremony next to the Military Demarcation Line that forms the border between the two Koreas at the truce village of Panmunjom, April 27, 2018.more +
Moon also said this process included "a bold and courageous decision" by Kim and that the two leaders "have confidence in each other."
"There is no turning back," he added.
Kim similarly praised Moon, saying this moment has been a long time coming.
"Same people, same blood, so we cannot be separated and should live together in unification," Kim said. "I hope we live together soon as a new path forward."
With the rest of the world watching, he added, "We will never repeat the past mistakes."