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Yes it does. Like the Equator and North Pole, it is a position on the earth and would be hard to erase. The line was originally the dividing line between North and South Korea following the second world war based on an agreement between the USSR and USA. The armistice which brought the war (1950-53) to an end was formed on the font line. The respective forces pulled back some 2km either side to create a DMZ (De Militarised Zone). The DMZ runs roughly along the 38th parallel but starts slightly south of it and runs north of it across the country. Kaesong was the only significant city to change starting off in the South and ending up in the North.

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Q: Does the 38 Parallel still exist in Korea today?
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