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(Xinhua)
Updated: 2007-10-04 13:50

SEOUL -- South Korean President Roh Moo-hyun and top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il signed a joint declaration in Pyongyang on Thursday, said a news release issued in Seoul.

The Declaration for the Development of Inter-Korean Relations, Peace and Prosperity was signed at the Paekhawon State Guesthouse at 1:00 p.m.(0400 GMT), said the news release.

The eight-point declaration calls for ending military hostility between the two sides and a three or four-party summit on a permanent peace treaty on the Korean Peninsula.

According to the joint declaration, South Korea and the DPRK have also agreed to frequently hold summit talks to discuss pending issues, expand cross-border investments and economic cooperation projects, make joint efforts to support the six-party talks and create a special peace zone in the Yellow Sea west of the Korean Peninsula.