Asia Biz News - Asian Business News and Tenders

Koreas Announce Major New Peace Agreements

September 19, 2018

Today, the leaders of North and South Korea announced new agreements to move their countries further towards peace.

Among other things, the new agreements will:

  • Establish buffer zones along their land and sea borders to reduce military tensions and prevent accidental clashes.
  • Withdraw 11 guard posts from the Demilitarized Zone by December
  • Create a no-fly zone above the military demarcation line that bisects the two Koreas that will apply to planes, helicopters and drones.
  • Seek a joint Summer Olympics.
  • Allow more visits to North Korea by their relations in South Korea
  • Allow international inspectors to monitor the closing of a key North Korean missile test site and launch pad.

The denuclearization issue was less clearly defined and is contingent upon unspecified actions by the United States.

Declaring they had made a major step toward peace, Moon and Kim stood side by side as they announced the joint statement.

Kim stated, “we have agreed to make the Korean Peninsula a land of peace that is free from nuclear weapons and nuclear threat. The road to our future will not always be smooth and we may face challenges and trials we can’t anticipate. But we aren’t afraid of headwinds because our strength will grow as we overcome each trial based on the strength of our nation.”

The United States continues to impose sanctions and other pressures on North Korea in an effort to force it to end its nuclear weapons program.