North Korea, South Korea to walk under unified flag in 2018 Winter Olympics

North Korea and South Korea have agreed to march together under a unified peninsula flag at the opening ceremony on Winter Olympics to be held in the South.

The development was announced in a joint statement released by Seoul's unification ministry on Wednesday.

The two Korean countries have also decided to form a combined women’s ice hockey team, which will participate in the Olympics.

The official statement states that North Korea will send 550-member delegation to the south.

The delegation includes 230 cheerleaders,1 40 artists and 30 Taekwondo players for a demonstration.

Winter Olympics is also being called ‘peace Olympics’.