Hailing a “new era of peace”, North Korea leader Kim Jong-un and South Korean President Moon Jae-in, sealed their talks on Friday with a joint declaration, and a bear hug, reaffirming their commitment to complete denuclearisation of the Korean Peninsula.

The historic summit also agreed to push for three or four-way talks involving the US and China to replace the Korean armistice with a peace treaty.

In his first ever speech to the world, standing outside the Peace House on the demilitarised border zone, Kim Jong-un first thanked Mr Moon and the South Korean people for their warm welcome.

“It took a long time for the two Koreas to come together and to hold hands and we have long waited for this moment to happen, all of us,” he said.

“As I stand here today I can see that South and North Koreans are the same people, they cannot be separated. We are compatriots... We should not be confronting each other, we are the same people and should live in unity. I hope we will be able to live very peacefully in the future, as soon as possible.”