Senior officials from North and South Korea will discuss the current situation on the peninsula. The meeting will take place at the border village of Panmunjom, said South Korea’s presidential office, as cited by the Yonhap news agency. "The South and the North agreed to hold talks related to the ongoing situation in South-North relations at 6pm our time at Panmunjom," said Kim Kyou-hyun, deputy national security adviser at the Blue House (Cheong Wa Dae), the executive office of the South Korean president in Seoul. He added the meeting will be held at 18:00 local time (09:00 GMT). Seoul said the initial proposal for negotiations came from Pyongyang on Friday. National Security Adviser Kim Kwan-jin and Unification Minister Hong Yong-pyo will hold a meeting with two North Korean officials - Kim Yang-gon, the top official in charge of South Korea affairs, and Hwang Pyong-so, director of the general political department of North Korea's military. The South will target any North Korean units that attack loudspeakers in the Demilitarized Zone, a South Korean Defense Ministry official told TASS. "In case of fire on broadcasting stations in the Demilitarised Zone, our armed forces will counterattack." He added that the South’s military “would act proportionally on any threats they face.” The announcement of talks comes amid high tensions on the Korean peninsula after the sides exchanged fire on Thursday and Saturday. On Saturday, the North Korean leader Kim Jong-un placed the country’s troops on high alert, threatening “indiscriminate strikes” if South Korea doesn’t stop its propaganda broadcasts over the border. “Psychological warfare against [North Korea] is, in essence, an open act of war against it," North Korea's state-run KCNA news agency said in a statement on Friday. South Korea, however, shows no signs of backing down. The country’s Vice Defense Minister Baek Seung-joo told the parliament that the broadcasts would continue, adding the North was likely to fire at the areas of the Demilitarized Zone where broadcasting transmitters are stationed, as reported by Reuters.