North Korea’s Kim Jong Un and South Korea’s Moon Jae-in agreed in letters to restore relations, improving the prospects for a breakthrough in an extended stalemate in nuclear talks. The two countries released what appeared to be coordinated statements Tuesday calling for reconciliation on the peninsula, with state media in Pyongyang saying they agreed “to make a big stride in recovering the mutual trust.” Both sides reopened hotlines that had been silent since a flare-up a year ago, when Kim’s regime symbolically blew up a liaison office funded by Moon’s government. The effort to thaw relations came on the 68th anniversary of the armistice that halted fighting in the 1950-53 Korean War, a conflict that has never formally ended. Last week, U.S. Deputy Secretary of State Wendy Sherman reaffirmed President Joe Biden’s openness to talks during a visit to Seoul in which she met South Korean officials, including Moon. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake