(S-KOREA ) : The inter-Korean communications channel would be restored at 15:30 local time (06:30 GMT) on Wednesday, South Korea's Yonhap news agency reported.
It comes after Kim Jong-un said he was "open to dialogue" with Seoul and to sending a team to the Games.
The two nations have not held high-level talks since December 2015.
The following year, North Korea cut off the communications channel, refusing to answer calls, according to officials in the South.
A North Korean official announced the hotline's re-opening in a televised statement on Tuesday.
He said the two nations would discuss the practical issues around a proposal to send a North Korean delegation to the Winter Olympics in Pyeongchang, South Korea in February.
"We will discuss working-level issues over our potential dispatch of the delegation," Yonhap quoted the official as saying
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