Watch Live: Historic Summit Between North And South Korea

Live feed:

Update 2: A live feed from inside the room, as Kim Jong Un, seated next to his sister, offers opening remarks to Moon Jae-in, together with intelligence chief Suh Hoon to his right and chief of staff Im Jong-seok to his left.

Meanwhile, here's the message Kim Jong Un wrote on the guestbook at the Peace House summit venue, which reads "A new history begins now - at the starting point of history and the era of peace." (h/t Hawon Jung)

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Update: *KIM JONG UN BECOMES FIRST NORTH KOREAN LEADER TO ENTER SOUTH

As AP reports, North Korean leader Kim Jong Un has made history by crossing over to the southern side of the world's most heavily armed border to meet rival South Korean President Moon Jae-in. It's the first time a member of the Kim dynasty has set foot on southern soil since the end of the Korean War in 1953 and the latest bid to settle the world's last Cold War standoff.

The overwhelming focus of the summit, the country's third-ever, will be on North Korea's growing arsenal of nuclear weapons.

Kim's news agency said earlier Friday that the leader would "open-heartedly" discuss with Moon "all the issues arising in improving inter-Korean relations."

The two leaders shook hands and inspected an honor guard before later holding a closed-door discussion about Kim's nuclear weapons.

Across the Pacific, the White House said it is hopeful the summit between the two Korean leaders will achieve progress toward peace.

The White House said in a statement that it is "hopeful that talks will achieve progress toward a future of peace and prosperity for the entire Korean Peninsula. ... (and) looks forward to continuing robust discussions in preparation for the planned meeting between President Donald J. Trump and Kim Jong Un in the coming weeks."

Follow photos of Kim emerging from North Korea and crossing over into the South.

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As reported earlier, in a meeting that's widely seen as a preamble to a historic summit involving President Trump and North Korean leader Kim Jong Un, the leaders of the two Koreas - North Korean leader Kim Jong Un and South Korean President Moon Jae-in - are meeting at the border at 9:30 am local time on Friday (Thursday 8:30pm EDT).

The summit will take place in the Peace House in in the border town of Panmunjom, located in the heart of the demilitarized zone.

Korea

Im Jong-seok, the chief of staff for President Moon, provided a full itinerary of the meeting - which will involve the ceremonial planting of a pine tree on the border - to Bloomberg:

  • Kim to walk across border to South
  • Kim to review South Korean military’s honor guard after walking together with Moon
  • Moon, Kim to start summit at 10:30am local time Friday
  • Moon, Kim to have lunch separately after morning meeting
  • Moon, Kim to plant pine tree on border after lunch
  • Moon, Kim to walk together around border before afternoon session
  • Two Koreas to sign, announce agreements after summit
  • Moon to host banquet for Kim from 6:30pm at peace house
  • No Plan to extend summit to Saturday for now
  • S. Korea: undecided whether Kim’s wife will accompany; hopes Kim’s wife to join dinner
  • Kim Jong Un’s sister part of North Korean delegation
  • S. Korea says issues related to denuclearization can’t be fully resolved at the inter-Korean summit; S. Korea would consider the summit a success if the North’s intention of denuclearization is included in the agreement

During the summit, Kim will become the first North Korean leader to cross the DMZ. According to watchers, if the two leaders can produce a written statement of understanding "on a broad set of issues", then the meeting would be considered a success.

That said, as Bloomberg's Kyoungwha Kim writes, Friday's summit marks "only the start of what even optimists would tell you is sure to be a long, fraught road toward a denuclearized and peaceful Korean peninsula." The analyst lays out some key subjects markets are watching for developments.

  1. Denuclearization -- Investors would like to see a concerted commitment to starting the denuclearization process, in writing and with a timetable
  2. Peace Treaty -- Will this meeting officially put an end to the 1950-53 Korean war?
  3. Economic access and development -- how would Kim open up North Korea's economy? Could he use China as a role model for economic development? Or could he rely on inter-Korean economic cooperation as a gateway to the outside world?

Whatever the outcome is, Seoul's financial markets look set for a sunny day, carrying over from Thursday's excitement. Equity futures indicate a strong open for the Kospi, while one-month USD/KRW NDFs are defying the dollar's bounce.

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Comments

King of Ruperts Land beepbop Thu, 04/26/2018 - 22:46 Permalink

The united Korea will be limited Nuclear and peaceful to the US. The US will lend Japan some Nukes for its protection and equalization of force in the region. The US will still project power in the region. China will still claim Taiwan but not attack. China will retain more power in the China sea and move on with its one belts plan. The US with bring back many troops and let Japan and possibly even the new friendly Korea shoulder more.

In reply to by beepbop

Quantify beemasters Fri, 04/27/2018 - 02:35 Permalink

Throughout history ,Humans have always been at war.  If the U.S. closed its bases the vacuum would be filled by another probably far more sinister entity. Such as Communists or Islamic fundamentalists who kill people just for the fun of it. The N. Korean fat boy shaking hands with the S. Korean leader has more blood on his hands than Jack the Ripper.

In reply to by beemasters

FoggyWorld takeaction Thu, 04/26/2018 - 23:35 Permalink

I found it fascinating to see a very different Kim Jung Un than the stuff we have been able to see on US television.  He seems bright and personable and the leaders of both sides do seem to want to find ways to make serious peace.  It won't be easy but there is a decency in that film that will stagger many who watch it.  Tomorrow we should get their first joint report which I for one can't wait to read.

But the process itself is going to look somewhat like the rejoining of East and West Germany and even today they have lingering problems but there definitely is hope in the air and it will take efforts from China and the US and Russia as well to try to make clear that the NK nuclear program is in very serious trouble and it would be to their own best interests for them to make real peace.  The President of SK certainly seems willing to work with Kim and find ways that won't be a piece of cake but just may work out in the long term for all Koreans.

 

 

 

 

 

In reply to by takeaction

Quantify beemasters Fri, 04/27/2018 - 02:47 Permalink

When your mountain you were conducting nuclear tests under collapses and kills 200 and releases radioactive garbage and the worlds premier power starts conducting exercises on your border you better believe its time to talk peace. I'm sure China is pushing this as well. Fat boy just went there not long ago on his little train trip.

In reply to by beemasters