In what would amount to a stunning development, North and South Korea are in discussions to announce at next week's leaders' summit an official end to the military conflict between the two neighbors, which remain technically at war, the South's Munhwa Ilbo daily reported Monday, citing an unidentified "key" South Korean official.

The April 27 summit between South Korean President Moon Jae-in and North Korean leader Kim Jong Un — the third-ever meeting of leaders from the two Koreas — may see the pair release a joint statement saying that they will seek to ease military tensions and to end confrontation, according to the official.

The report said the focus of the inter-Korean summit's agenda would be threefold: denuclearization of the Korean Peninsula, a peace deal, and progress in inter-Korean relations.