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No, but it means either Kim or SK have to give up power to the other.
Reconciliation doesn't mean 2 Koreas become 1 Korea... A peace treaty and official end to all hostilities will suffice.
South Korea will never allow NK to rule them. I am positively sure most of the world would be against it and support SK's independence. Now whether Kim will ever give up power... who knows. not now but it could be way down the line once his people realize his government has been feeding them complete lies and see how well SK has been living comparatively to NK.