JEANNE MESERVE, CNN ANCHOR: They are geographically linked, but North and South Korea have been militarily divided for decades. Now, the two may be headed toward reconciliation and their leaders are even speaking about the possibility they may once again become one nation. CNN Seoul bureau chief Sohn Jie-Ae reports on Wednesday's monumental events.</s>SOHN JIE-AE, CNN CORRESPONDENT (voice-over): Day two of the historic summit between South and North Korea was as astonishing as the first. After signing a historic agreement to work toward peace and reconciliation on the Korean Peninsula, 50 years after the countries were at war, the two leaders and their aides raised champagne glasses in a toast. The joint communique also pledged both countries to work toward economic and cultural cooperation, and North Korea's Kim Jong Il agreed to an unprecedented visit south at a -- quote -- "appropriate time." As the group smiled broadly for the cameras, a gesture of how far the two had come, especially for the South Koreans, who got their first insights into the country they consider their mortal enemy, and a rare glimpse of its reclusive leader. Just two days ago, it would have been hard to imagine the North Korean leader Kim Jong Il and South Korea's first couple laughing and joking over dinner. We're hearing the North Korean leader chit-chat with the South Korean counterpart about watching Seoul TV and seeing the sadness of defectors and divided families. These tens of thousands of South Koreans who have estranged family members in the North can now again hope to hear from them or even visit their home towns for the first time in about 50 years. The South Korean delegates were received warmly wherever they went, whether it was the first lady watching a performance by North Korean kindergartners or businessmen inspecting facilities which could be the target of future investment. (on camera): The summit has raised expectations here about whether peace and reconciliation will soon happen on the Korean Peninsula. But the real test of whether the summit is a success is whether these expectations are met. Sohn Jie-Ae, CNN, Seoul.
Korean Leaders Issue Historic Communique