Voice of America says the international taekwondo organizations of South and North Korea will adopt an agreement on cooperation and recognition of each other.
The U.S. broadcaster reports Chang Ung, a North Korean member of the International Olympic Committee (IOC), said the South Korea-led World Taekwondo Federation and the North Korea-led International Taekwon-Do Federation are drafting the deal.
He said the aim is to boost mutual respect, recognition and joint efforts to advance the Korean martial art, based on the belief the sport practiced in both Koreas shares the same roots.
The agreement is known to include plans about setting up a trial inter-Korean taekwondo demonstration team and allowing athletes from both sides to compete in either Korea.
The IOC president is also believed to be taking an interest in enabling North Korean athletes to compete in the Olympics.
Only the World Taekwondo Federation is recognized by the IOC, so North Korea athletes of the sport cannot compete in the Olympics.