The Day of Victory in the Great Fatherland Liberation War (Victory Day) is a national holiday in North Korea celebrated on July 27 to mark the signing of the Korean Armistice Agreement which brought a cease fire to the Fatherland Liberation War (Korean War) that took place in 1950–53; it is referred to as "Victory Day" despite the fact that the war is generally regarded as having ended in a stalemate.

[1][2][3] On this day ceremonies are held at the Victorious Fatherland Liberation War Memorial.

In 1973, July 27 was designated as the Day of Victory in the Great Fatherland Liberation War.

From 2000 to 2002, the ceremonies were reduced in size and was mainly run as a cultural athletic event due to the inter Korean summits.

In 2003, the size of the ceremonies increased due to international tensions and nuclear crisis.