North Korea has proposed dispatching a large Olympic delegation to the South next month.

At a high-level meeting between the two Koreas, held for the first time in two years, South Korean representatives made a keynote statement, asking the North to send many of its athletes and cheerleaders to the PyeongChang Olympic Winter Games.

Vice Unification Minister Chun Hae-sung disclosed the exchange in a news briefing at the Peace House in Panmunjeom on the South Korean side of the border on Tuesday. 

The South also requested Red Cross talks in order to hold separated family reunions during the Lunar New Year holidays this year.

In response, the North Korean side suggested that Pyongyang dispatch its athletes, cheerleaders and high-ranking officials including members of the Olympic body. It also proposed sending teams of reporters, performers and Taekwondo practitioners.

Chun said that Unification Minister Cho Myoung-gyon, South Korea's chief delegate to the talks, conveyed the need to resume dialogue for the settlement of peace, including denuclearization, as soon as possible. He said the North didn't make a particular response to the matter. 

After sharing their views on the sporting event, the two Koreas exchanged a draft for a joint press statement.