South Korean President Roh Moo-hyun and North Korean leader Kim Jong-il will hold a historic summit in Pyongyang.
The meeting will take place from August 28 through 30, Korea Times reported on Wednesday.
This will be the second inter-Korean summit since former President Kim Dae-jung met the North Korean leader in Pyongyang in June 2000.
"On August 5, the two sides reached an agreement on holding the second summit," Baek Jong-chun, chief presidential secretary for unification, foreign and security policy, told reporters.
In the summit, the two leaders are expected to discuss the issue of establishing a permanent peace regime on the Korean Peninsula and ways to end North Korea's nuclear programs.
Both South and North described the summit as a step toward opening a new phase of peace and prosperity on the peninsula.