Country Profile
Date 2020-02-17 Viewed

South Korea has developed into one of Asia’s most affluent countries since partition from the north in 1948. The Republic of Korea was proclaimed in August 1948 and received UN-backed support from the US after it was invaded by the North two years later. The Korean War ended in 1953 without a peace agreement, leaving South Korea technically at war for more than fifty years.

However, on 27th April 2018, the 3rd Inter-Korean Summit took place between Moon Jae In, president of South Korea and Kim Jong Un, supreme leader of North Korea. The summit was held in the Peace House near the demarcation line in Panmujeon, South Korea and marked the first time since 1953 that a North Korean leader had visited the South. President Moon Jae In was also invited by the supreme leader to take a step onto North Korea side.
The summit was mainly focused on North Korean nuclear weapons and the denuclearisation of the Korean peninsula. During the press conference; the two leaders announced an end to hostile activities with a commitment to denuclearisation. They also agreed to turn the Korean armistice agreement into a peace treaty.
On May 5th and as a first step for reconciliation, North Korea has shifted its time zone 30 minutes earlier to align with South Korea.