The meeting between the leaders of North and South Korea was acclaimed as “historic.” The two leaders hugged, “smiled broadly, shook each other’s hand vigorously and toasted each other with glasses of champagne.” Reporters noted that the “opening formalities seemed surprisingly relaxed, exceeding the expectations of many people, including perhaps those of the principals themselves. The South Korean leader said we must “proceed together on a path of reconciliation and cooperation.” The North Korean leader replied that “you will not be disappointed.”

Sound familiar? It should, because the news coverage of the 2000 meeting between South Korean President Kim Dae-jung and North Korean leader Kim Jong Il in Pyongyang parallels the euphoria over Friday’s meeting in Panmunjom between Moon Jae-in and Kim Jong Un, Kim Jong Il’s son. If anything, the 2000 meeting produced more tangible results: Not only declarations about ending the Korean War and uniting the two countries, but also concrete steps toward creating a joint South Korean-North Korean industrial park in Kaesong , allow South Korean tourists to visit the North, and to reunify families long divided by the demilitarized zone. Between 1998 and 2008, South Korea provided some $8 billion in economic assistance to North Korea in the hope that all of this aid would create a kinder, gentler regime. Kim Dae-jung won the Nobel Peace Prize in 2000 for his efforts.