SEOUL, Jan. 3 (Xinhua) -- South Korean President Moon Jae-in said on Monday that his administration will not stop efforts to institutionalize sustainable peace on the Korean Peninsula until his single five-year term ends in May.

President Moon Jae-in speaks during a Cabinet meeting at the presidential office in Seoul on Dec. 21, 2021. (File photo: VCG)

Moon made the remark in his final New Year's speech, saying South Korea still has a long way to go for relations with the Democratic People's Republic of Korea (DPRK).

He said that if the two Koreas resume dialogue and cooperation, the international community will positively respond to it.

The president noted that his government will seek the normalized inter-Korean relations and an irreversible path to peace until the end, hoping that the next government would continue efforts for dialogue with the DPRK.

The country's presidential election is scheduled for March 9.

The Moon government has sought to declare a formal end to the 1950-53 Korean War, which ended with armistice, but it had yet to reach a tangible conclusion.

Denuclearization talks between the DPRK and the United States have been stalled since the second summit between top DPRK leader Kim Jong Un and former U.S. President Donald Trump ended without an agreement in February 2019 in the Vietnamese capital of Hanoi.