The two Koreas agreed during high-level talks at the border village of Panmunjeom on Thursday to hold the inter-Korean summit on April 27th. 

The announcement was made in a joint press statement following the meeting. 

The two sides also agreed to hold working-level talks next Wednesday to discuss protocol, security and media coverage. 

The summit date was set after North Korean leader Kim Jong-un suggested holding cross-border talks around the end of April, in a meeting with President Moon Jae-in's envoys earlier this month.

The inter-Korean talks will be the first to take place in eleven years.

Kim also proposed holding talks with U.S. President Donald Trump, which Trump accepted.

The back-to-back summits are expected to play a crucial role in the denuclearization and establishment of peace on the Korean Peninsula.

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