Delegates sign the Korean Armistice Agreement in P'anmunjŏm.

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In 1952, the US elected a new president, and on 29 November 1952, the president-elect, Dwight D. Eisenhower, went to Korea to learn what might end the Korean War. With the United Nations' acceptance of a proposed Korean War armistice by India, the KPA, the PVA and the UN Command signed the Korean Armistice Agreement on 27 July 1953. South Korean president Syngman Rhee refused to sign the agreement. The war is considered to have ended at this point, even though there was no peace treaty. North Korea nevertheless claimed that it won the Korean War.

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Under the Armistice Agreement, the the Korean Demilitarized Zone was established, along the front line which roughly follows the 38th Parallel. The DMZ runs northeast of the 38th Parallel; to the south, it travels west. Kaesong, site of the initial armistice negotiations, originally was in pre-war South Korea, but now is part of North Korea. The DMZ has since been patrolled by the KPA and the ROK and US still operating as the UN Command.

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The Armistice also called upon the governments of South Korea, North Korea, China and the United States to participate in continued peace talks.

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In 2016, it was revealed that North Korea approached the United States about conducting formal peace talks to formally end the war. While the White House agreed to secret peace talks, the plan was rejected due to North Korea's refusal to discuss nuclear disarmament as part of the terms of the treaty.

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On 27 April 2018, it was announced that North Korea and South Korea agreed to talks to end the ongoing 65-year conflict. They committed themselves to the complete denuclearization of the Korean Peninsula.

Source: Wikipedia