Korea signs peace and economic co-operation pact

Leaders of North and South Korea pledged in a reconciliation pact today to finally seek a peace treaty to replace the Korean War’s 1953 cease-fire, and expand projects to reduce tension across the world’s last Cold War frontier.

North Korean leader Kim Jong Il and South Korean President Roh Moo-hyun signed the agreement after three days of meetings in the North Korean capital, Pyongyang, in only the second such summit between the countries.