North Korea and South Korea have come to an agreement in order to de-escalate tensions on the Korean Peninsula that have plagued the two recently, South Korea's National Security Chief, Kim Kwan-jin announced.

South Korea will stop broadcasting propaganda across the Demilitarized Zone starting Tuesday, and in return, the South will get the apology it demanded from North Korea over the recent escalation of its military activity within the peninsula, according to CNN.

During the talks at the border village of Panmunjom, North Korea claimed it "regrets" that South Korean soldiers were injured by landmines (which the North previously claimed it wasn't responsible for) and has agreed to lift the "quasi-state of war" it declared last week.

Kwan-jin said the two Koreas have also agreed to resume reunions of families separated by the 1950-53 Korean War. He said the countries will hold talks to improve their ties soon in either Seoul or Pyongyang, according to the Associated Press.

He did note, however, according to the BBC, that it wasn't the right time to push for a summit between the leaders of the two countries.

The agreement comes after marathon talks that began following an exchange of fire at the border last Thursday.