October 4, 2007 (LPAC)--At the end of their historic summit, the leaders of North and South Korea announced they will be seeking a peace agreement that will formally end the Korean War. They also agreed to resume freight rail services across their borders.

South Korean President Roh Moo-hyun and his northern counterpart, Kim Jong Il, issued a declaration stating, "The South and North share the view that they should end the current armistice System and build up a permanent peace system." The declarations further stated that they, "agreed to closely cooperate to end military hostility and ensure peace and easing of tension on the Korean peninsula."

In reference to the just signed 6 power nuclear agreement with the North, the statement said, the North and South would make "joint efforts to ensure the smooth implementation" of previous accords from the six-nation arms talks "for the solution of the nuclear issue on the Korean peninsula."

The opening of the rail link between the North and South, between Munsan and Bangdong constitutes a major breakthrough for the Eurasian Landbridge project as outline in the Schiller Institutes recent Conference, "The Eurasian Landbridge becomes Reality," held on September 15-16 in Kiedrich, Germany. Conference speaker, Dr Harkku Heiskanen, of the Nordic Institute for Asian Studies, in Finland, detailed in his presentation to the conference how opening that link would be a tremendous boost to the Trans Siberian Railway. The link would not only facilitate transport of South Korean exports across Eurasia, but those of Japan and China as well.

They also called for holding summits in the future for the implementation of the declaration and have agreed to hold the first round of meeting in November 2007 in Seoul, South Korea.