Update: *KIM JONG UN BECOMES FIRST NORTH KOREAN LEADER TO ENTER SOUTH * * * As reported earlier, in a meeting that's widely seen as a preamble to a historic summit involving President Trump and North Korean leader Kim Jong Un, the leaders of the two Koreas - North Korean leader Kim Jong Un and South Korean President Moon Jae-in - are meeting at the border at 9:30 am local time on Friday (Thursday 8:30pm EDT). The summit will take place in the Peace House in in the border town of Panmunjom, located in the heart of the demilitarized zone. Im Jong-seok, the chief of staff for President Moon, provided a full itinerary of the meeting - which will involve the ceremonial planting of a pine tree on the border - to Bloomberg: Kim to walk across border to South Kim to review South Korean military’s honor guard after walking together with Moon Moon, Kim to start summit at 10:30am local time Friday Moon, Kim to have lunch separately after morning meeting Moon, Kim to plant pine tree on border after lunch Moon, Kim to walk together around border before afternoon session Two Koreas to sign, announce agreements after summit Moon to host banquet for Kim from 6:30pm at peace house No Plan to extend summit to Saturday for now S. Korea: undecided whether Kim’s wife will accompany; hopes Kim’s wife to join dinner Kim Jong Un’s sister part of North Korean delegation S. Korea says issues related to denuclearization can’t be fully resolved at the inter-Korean summit; S. Korea would consider the summit a success if the North’s intention of denuclearization is included in the agreement During the summit, Kim will become the first North Korean leader to cross the DMZ. According to watchers, if the two leaders can produce a written statement of understanding "on a broad set of issues", then the meeting would be considered a success. That said, as Bloomberg's Kyoungwha Kim writes, Friday's summit marks "only the start of what even optimists would tell you is sure to be a long, fraught road toward a denuclearized and peaceful Korean peninsula." The analyst lays out some key subjects markets are watching for developments. Denuclearization -- Investors would like to see a concerted commitment to starting the denuclearization process, in writing and with a timetable Peace Treaty -- Will this meeting officially put an end to the 1950-53 Korean war? Economic access and development -- how would Kim open up North Korea's economy? Could he use China as a role model for economic development? Or could he rely on inter-Korean economic cooperation as a gateway to the outside world? Whatever the outcome is, Seoul's financial markets look set for a sunny day, carrying over from Thursday's excitement. Equity futures indicate a strong open for the Kospi, while one-month USD/KRW NDFs are defying the dollar's bounce. Watch the summer meeting live below: