North Korean leader Kim Jong-un called for economic reform and expressed a wish to improve relations with South Korea, departing from the usual North Korea rhetoric.
South Korea's incoming president, Park Geun-hye, says she will reach out to the North and offer humanitarian aid. Some analysts doubt her sincerity and expect her to take a more moderate approach.
Park Geun-hye's calls for inter-Korean dialogue are mixed with a firm stance against compromise.
A win for conservative Park Geun-hye would see her return to the presidential palace where she served as her father's first lady in the 1970s after her mother was assassinated.
Conservative candidate Park Geun-hye holds the slight edge ahead of an election Wednesday that could affect relations with North Korea.
The US believes North Korea's satellite is out of control, but the South Koreans insist that it is functioning normally.
North Korea went ahead with a rocket launch despite international pressure to call it off. Critics say the launch masks a weapons development effort and is a clear violation of UN sanctions.
One year into his role as North Korea's leader, Kim Jong-un made a statement by launching a rocket on Wednesday. Experts suggest the launch was intended to honor the current leader's father who died last year.
Despite U.N. sanctions and international warnings, North Korea launched a long-range rocket on Wednesday. Most analysts agree the move was intended to bolster national support for Kim Jong-un.
Faced with technical problems, North Korea extended the window during which they plan to launch a long-ranch rocket. It will be the country's second attempt to launch a rocket this year.