North and South Korea: Kim and Moon hail new future

Commenting on the agreement, Chairman Kim declared the two leaders had "made a firm commitment to exert active efforts to make the Korean peninsula free of nuclear weapons and nuclear threat and turn it into a land of peace".

At the start of their meeting Tuesday, Kim thanked Moon for brokering the June summit with Trump.

Trump‏ called the latest pledges "very exciting". Within Trump's own administration, senior officials want North Korea to begin by declaring its nuclear and missile sites, rather than making piecemeal, unilateral concessions.

Speaking at a joint press conference with Moon, Kim said he will visit the South's capital Seoul "in the near future".

Moon is expected to speak with Trump after this week's event, and Trump will then decide if he'll accept Kim's invitation.

KIM Jong-un and Moon Jae-in have taken a step closer towards peace as they vowed to denuclearise at a historic summit in Pyongyang today.

North Korea is seeking relief from crippling global sanctions.

But the two Koreas have been pressing ahead with their own rapprochement, with Kim looking to secure economic cooperation from the far wealthier South, and Moon looking to reduce the risk of a US-North Korean conflict that would devastate his country. The facilities were a key test centre for its intercontinental ballistic missiles created to reach the United States. Follow-up meetings between Secretary of State Mike Pompeo and North Korean officials failed to produce concrete results and Pyongyang quickly returned to its bombastic anti-American rhetoric.

Those U.S. steps could include an end-of-war declaration, South Korea's national security adviser, Chung Eui-yong, told reporters.

Neither leader mentioned a declaration of formally ending the Korean War, which was stopped by ceasefire in 1953, despite the North's earlier demands.

Asked if any deal on denuclearisation had been struck, Moon's spokesman Yoon Young-chan said: "It's hard to say at this moment that the two leaders have reached any agreement".

A joint statement will provide clues to whether negotiations between North Korea and the USA over dismantling Pyongyang's nuclear programmes could regain momentum. Seoul officials said they did not expect any specific joint economic projects to be agreed given worldwide sanctions.

The institution was sanctioned by the U.N. Security Council past year as part of global efforts to rein in Pyongyang's nuclear and missile programs by drying up its revenue sources. Moon was scheduled to visit facilities related to science and technology in and around Pyongyang city Wednesday afternoon.

In their third summit, Kim and Moon also laid out plans to draw down forces along their heavily fortified border and announced an agreement for their athletes to compete as a single team at the 2020 Olympics in Tokyo and to submit a joint bid to host the games in 2032.

In a separate agreement signed by their defense chiefs, the Koreas also agreed to a wide range of steps aimed at further reducing military tension on the Korean Peninsula.

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