Leaders from the ROK and the DPRK wrapped up their official meetings on Wednesday with a joint declaration. The two sides agreed to work towards advancing relations to a new level across a wide array of fields, including discussing ways to reduce military tensions and to foster a nuclear-free Korean Peninsula. Shane Hahm reports.  

The Korean Peninsula is at an important historical turning point, according to ROK President Moon Jae-in and DPRK Chairman Kim Jong Un.

The two leaders signed a joint agreement dubbed the September Pyongyang Joint Declaration at the end of two days of meetings on Wednesday.

In it, the two sides agreed to bridge their divide, beginning with easing hostilities and eliminating any threats of war.

KIM JONG UN DPRK LEADER "We adopted a military pact to end a history of brutal and tragic confrontation and hostility, and agreed to make efforts to turn the Korean Peninsula into a land of peace, without nuclear weapons or nuclear threats."

That includes allowing outside experts into the DPRK to oversee the dismantlement of its Tongchang-ri engine test site and missile launch pad.

Pyongyang is also prepared to take additional measures to permanently scrap its Yongbyon nuclear test site so long as the United States takes corresponding actions.

On the economic front, the two sides will begin construction on reconnecting railways and roads by the end of the year and discuss resuming operations at the Kaesong industrial complex and private tours to the DPRK's Mount Kumgang resort. For families that have been separated since the Korean War, reunions via video conference and letter exchanges are in the works.

And the two sides will continue to join hands in the sporting field, highlighted by a possible joint bid to host the 2032 Summer Olympics.

The joint declaration concludes with an invitation to Chairman Kim by President Moon to visit South Korea, something no DPRK leader has ever done.

MOON JAE-IN SOUTH KOREAN PRESIDENT "I asked Chairman Kim Jong Un to visit Seoul, and Chairman Kim has decided to visit in the near future. The near future would mean that he would come to Seoul this year, barring any special circumstances."

SHANE HAHM SEOUL "President Moon will wrap up his three-day trip to the DPRK on Thursday, but not before a surprise, previously unannounced visit to Mount Paekdu at the invitation of Chairman Kim. The mountain is revered by Koreans in their culture as the highest point on the peninsula. A symbolic gesture indeed and a fitting way to conclude this historic week of many firsts. Shane Hahm, CGTN, Seoul."