June 25th, 1950 marked the beginning of one of the first of many Cold War conflicts, in which the United States and her allies would fight against the spread of Socialism and Communism.
The major combat ended in a 1953 cease fire, but the conflict has never been resolved. There is still an active declaration of war between the two halves of the Peninsula, as well as a continuation of sanctions against the North Koreans for their unwillingness to cooperate and end the war. The sanctions have destroyed any chance at economic growth in the tyrannical regime, and their people have little been able to enjoy the fruits of the 20th and 21st centuries.
June 27th, 2008, 58 years later, the day is being marked as the beginning of the end of the Korean War. The Nuclear Cooling Tower at Yongbyon has been destroyed, and the United States is officially ending economic sanctions. The country is stopping short on disclosing information regarding the proliferation of the nuclear technology, but this is a momentous first step, and clearly the most visible step.
This does not mean that the Peninsula is going to be reunited overnight, or that relations between the US and the North Koreans are repaired... but it does represent a mend in relations that could lead to peace and prosperity in the Northern Country.
This move represents the continued strength and influence of the United States, in a time where even the US media would have us seen as weak and losing influence. This is a great step towards freedom and liberty throughout the world.