Following a working-level meeting held at the truce village of Panmunjom, the two sides also announced that their athletes would make a joint entrance carrying a pro- unification flag, according to Yonhap news agency.
A North Korean delegation will visit the South next week to review the facilities at the Games venue, Yonhap reported.
South Korea also agreed to send its athletes to the North's Masikryong ski resort for training ahead of the Pyeongchang Olympics that run through February 9 to 25.
Nuclear-armed Pyongyang agreed last week to send athletes, high-level officials, performers and others to the Pyeongchang Games, taking place just 80 kilometres (50 miles) south of the Demilitarized Zone (DMZ) that divides the peninsula.
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Seoul has long sought to proclaim the event a "peace Olympics" in the face of tensions over the North's weapons programmes -- which have seen it subjected to multiple UN Security Council sanctions -- and the discussions represent a marked improvement.
The IOC must approve extra Olympic slots for the North's athletes after they failed to qualify or missed deadlines to register.
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