Top aides to the leaders of North and South Korea met at the Panmunjom truce village straddling their border Saturday, raising hopes for an end to a standoff that put the rivals on the brink of armed conflict.

The meeting at the demilitarized zone (DMZ) village, known for its sky-blue huts and grim-faced soldiers, was set for half an hour after North Korea's previously-set ultimatum demanding that the South halt its loudspeaker propaganda broadcasts along the border or face military action.

That deadline passed without any reported incidents.