Before the armistice, talks had gone on for nearly 2 years. Eisenhower had promised that if he was elected in the election of 1952, he would go to Korea and end the war. There was no simple way to end the conflict. Talks had collapsed in October 1952. In 1953, the US threatened to bomb China, but eventually a ceasefire was declared between UN forces and Korean/Chinese forces.
The "De-Militarized Zone" which designates the border between North and South Korea has remained one of the most heavily-armed stretches of land on Earth. The stability of the region is threatened by the development of nuclear weapons by North Korea.
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