Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

South Korea's Lee Calls for Peace Talks With North Korea

Published 15 August 2026

South Korean President Lee Jae Myung called on Saturday for formal peace talks with North Korea to replace the decades-old armistice with a peace regime, urging both sides to set aside hostile intentions and begin dialogue. Speaking at a ceremony marking the 81st anniversary of Korea's liberation from Japanese colonial rule, Lee proposed that the two Koreas, as the directly involved parties, initiate discussions to end the long-running war that technically remains unresolved.

The 1950-53 Korean War concluded with an armistice rather than a peace treaty, leaving the peninsula in a state of perpetual conflict. Lee, who took office in June 2025, has pursued a more conciliatory approach toward Pyongyang than his predecessor, offering talks without preconditions. In his address at the Sejong Center in Seoul, he framed peaceful coexistence as a necessity. "Peaceful coexistence on the Korean Peninsula is a duty, not a choice," Lee stated. He added that such a dialogue could also address North Korea's growing nuclear capabilities, potentially allowing for "effective ways to curb advances in the North's nuclear capabilities."

However, the proposal faces significant obstacles. North Korea...

Now playing
0:00 / 0:00