During the negotiations, the two sides also agreed to hold talks at an early date in Seoul or Pyongyang to improve inter-Korean relations.
According to the joint statement, the South and North agreed to arrange reunions of separated families on the occasion of Chuseok this year, continuing such reunions in the future, and to hold working-level Red Cross meetings in early September to that end.
"We expect the two sides will implement the agreement in good faith and create trust through dialogue and cooperation," Kim said.
Under the Park administration, the two Koreas held two rounds of reunions between Feb. 20 and 25 last year at the Mt. Geumgang resort in the North the President has sought to hold the event on a more regular basis. In her Liberation Day speech on Aug. 15, she also called for the North's cooperation for family reunions.