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5 Things to Know About the New Agreement Between North and South Korea

1. To End the Korean War

cold snow weather US
A man photographs the Korean War Veterans Memorial after a heavy snow storm in Washington January 3, 2014. A heavy snowstorm and dangerously cold conditions gripped the northeastern United States on Friday, delaying flights, paralyzing road travel and closing schools and government offices across the region. |

"South and North Korea will make joint efforts to alleviate the acute military tension and practically eliminate the danger of war on the Korean Peninsula. Alleviating the military tension and eliminating the danger of war is a highly significant challenge directly linked to the fate of the Korean people and also a vital task in guaranteeing their peaceful and stable lives," the agreement between the two leaders said.

They also agreed to "completely cease all hostile acts against each other in every domain, including land, air and sea, that are the source of military tension and conflict." They further agreed to transform the demilitarized zone into a peace zone by ceasing as of May 1 this year "all hostile acts and eliminating their means, including broadcasting through loudspeakers and distribution of leaflets, in the areas along the Military Demarcation Line."

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