South Korean President Roh Moo-hyun says he hopes his meeting with North Korean leader Kim Jong Il will strengthen the countries' economic cooperation.
Mr. Roh said Wednesday that he would discuss the formation of an inter-Korean economic community during the three-day summit that begins August 28 in Pyongyang.
Analysts say the South is likely to offer a massive economic and investment package to repair North Korea's crumbling infrastructure and economy.
Mr. Roh says he will also use the summit to press North Korea to fulfill its commitment to a six-nation nuclear disarmament deal.
Both countries have participated in four years of multinational talks aimed at ending the North's nuclear programs in exchange for aid and diplomatic rewards.
North and South Korea last held a summit 2000, their first since the Korean War ended in an armistice in 1953.
Some information for this report was provided by AFP, AP and Reuters.