South and North Korea have agreed to draw up and swiftly implement measures aimed at avoiding naval clashes along the western sea border.

The two sides signed the agreement early Friday morning, on the second day of general-level military talks held in the South's Mount Seorak.

Under the agreement, the two Koreas will implement a standard, shared radio frequency for their patrol boats and will exchange information on their respective crackdowns on illegal fishing by Chinese vessels in the Yellow Sea.

The two sides also agreed to halt airing propaganda broadcasts over loudspeakers along the land-locked demilitarized zone in a step-by-step manner by mid-August, to coincide with the 4th anniversary of the June 2000 South-North summit talks.

The Defense Ministry said the agreement would contribute to peace and stability on the Korean Peninsula and become a good precedent for future confidence-building measures.

The latest military talks were the second such meeting following the first round held in Pyongyang on May 26th.

Dozens of sailors on both sides have been killed or injured in naval skirmishes in recent years at the western sea border during the peak crab-catching season.