The two Koreas are sitting down for another round of discussions today.<br />This time, their talks are on railway cooperation between Seoul and Pyongyang.<br />Our unification ministry correspondent Oh Jung-hee has more. <br /> Delegations from Seoul and Pyongyang met again on Tuesday -- this time, to discuss inter-Korean railway connections.<br />The talks began at 10AM, Korea time, at the border village of Panmunjom.<br /> It's the first time that the two Koreas have discussed railways since 2008.<br />The delegates stressed they'll try and touch upon various practical issues... to successfully implement April's summit agreement, the Panmunjom Declaration.<br /><br /> "There's been a drought recently and the weather's been pretty hot, but today we're seeing some welcome rain and the Imjin-gang river rose as well. I have a feeling that we could see some good results from our meeting today." <br /><br /> "I believe there are no differences on our willingness to connect our people's rail artery. Railways are the future of our economy. I believe, if we put our wisdom and power together on this glorious project, we could create some good results for our people."<br /><br /> The two Koreas connected one railway in 2004 -- between the South Korean capital Seoul and North Korean city of Sinuiju -- but renovation is needed to modernize it.<br /> In addition to that railway, South and North Korea are hoping to connect their railway along the eastern coast of the peninsula -- which would start off in South Korea's southeastern city of Busan, cut through North Korea and even go into Russia and head towards Europe.<br /> For that, the two Koreas will also have to find a way to modernize North Korea's railroads which are very old and can only allow trains to travel at low speeds.<br /> But if it can be done, it would have a big impact.<br />South Korea will be connected to the rest of the continent, which would enable the movement of people and goods to Asia and Europe by train.<br /><br /> But it's difficult to expect specific actions needed for actually connecting and upgrading railways because of the international sanctions on North Korea.<br /> So for now, Seoul and Pyongyang are expected to agree on investigating the current status of the rail network and conducting joint studies on how to modernize it.<br />Oh Jung-hee, Arirang News. <br />