Seoul: The government on Thursday welcomed the first phase of a peace plan signed between Israel and Hamas, voicing hope that it could serve as a turning point for peace in the Middle East.

According to Yonhap News Agency, the foreign ministry issued the message after Israel and the Palestinian militant group signed the peace plan, under which Hamas will release hostages, while Israel will partially withdraw its troops from Gaza and release Palestinian detainees.

“We highly appreciate U.S. President Donald Trump’s initiative for this agreement, as well as efforts of neighboring countries, such as Qatar, Egypt and Turkey, to mediate,” the ministry said.

It expressed hope that the release of all hostages and improvements in humanitarian conditions in Gaza will take place soon.

“(The government) hopes the latest agreement will become a critical turning point for the restoration of peace and stability in the Middle East,” the ministry said.