PANMUNJOM/GOYANG, South Korea, April 27 (Joint Press Corps-Yonhap) -- South and North Korea agreed Friday to set up a joint permanent liaison office in the North's border city of Kaesong to facilitate closer communication.

The agreement was part of a joint declaration issued after South Korean President Moon Jae-in and North Korean leader Kim Jong-un held a historic summit earlier in the day at the truce village of Panmunjom.

"South and North Korea agreed to establish a joint permanent liaison office in Kaesong where officials from both sides are stationed in a bid to seek close consultations and promote civilian exchanges and cooperation," the statement said.

Currently, the two Koreas have respective liaison offices on each side of the border. They use phones and fax machines for communication.

The joint communication office, if established, are expected to prevent miscommunication from hampering inter-Korean ties and help accelerate the regularization of inter-Korean talks, experts said.

The statement showed that the two Koreas agreed to hold dialogue at various levels and in various sectors, including high-level talks as soon as possible to explore ways to implement agreements from the Friday summit.

It also added that both sides will seek ways to link and modernize railways and roads in eastern and western areas in an effort to pursue a balanced development between the Koreas as well as mutual prosperity.