text: a significant initiative put forward by us as a confidence-building measure pending realization of active exchanges between the two parts of Korea. Also at the beginning of this year, we proposed the early conclusion of agreements CD/PV.551 12 (Mr. Lee. Republic of Korea) on inter-Korean travel and communications with a view to promoting mutual opening-up and exchanges. However, such initiatives have not been answered by the other side with comparable measures, apparently due to its inability to break away from isolation and follow the changes prevailing in today's world. As we strongly believe that the building of trust and confidence between the two parts of Korea is part and parcel of advancing any of their meaningful dialogues, including disarmament, we will continue to pursue these efforts. Despite the contention invariably put forward by the other side, it is an undeniable fact that security arrangements made by my country have proven to be a most realistic and effective means of preserving stability and peace on the Korean peninsula. The genesis of the Korean War makes such arrangements imperative, and as long as hostility and tension remains undiminished, there is a need to maintain the basic defence structure. A joint military exercise with our ally called "Team Spirit" has been held annually. It is designed to enhance defence prepardeness against the recurrence of hostilities on the Korean peninsula. This year the scale of the exercise was reduced. Invitations were extended to North Korea and China along with four member countries of the Neutral Nations Supervisory Commission overseeing the military armistice, namely Czechoslovakia, Poland, Sweden and Switzerland, to send observers to the exercise, with a view to increasing the openness and transparency of the exercise's defensive nature. We are hoping that the steps we have taken will be reciprocated when similar military 
analysis: The text appears to be a diplomatic statement or speech, discussing issues related to national security, defense, and international relations. It mentions specific initiatives, agreements, and military exercises, indicating a focus on maintaining stability and peace on the Korean peninsula. The language used is formal and diplomatic, suggesting a high-level official or government representative is speaking.