In the event they do, they will compete while wearing a neutral uniform and if they win any medals the official Olympic records will not reflect as Russian state wins.
He said the North Korean skiers who travel to South Korea on Thursday will head to the athletes' village in Gangneung, a coastal city that will host the skating, hockey and curling competitions during the Olympics.
The monetary awards for the participants of the sports events that will be arranged for Russian athletes who were not allowed by the International Olympic Committee to compete at 2018 Winter Olympics would be equal in amount to the awards at the Pyeongchang Games, Kremlin spokesman Dmitry Peskov said Wednesday.
"[Russia] will always. support the idea of clean sports in all senses, pure from doping, pure from artificial phenomena that do not go along with sports", Putin said.
Following a ban over alleged state-sponsored doping in the 2014 Sochi Olympics, the International Olympic Committee (IOC) last week made a decision to allow only 169 of Russia's athletes to take part in the Games under a neutral flag.
He said Russia considers the decisions not to allow some Russian athletes to take part in the 2018 Olympics to be unusual.
On 5 December, the global Olympic Committee (IOC) has suspended the national team of Russian Federation from participation in the Olympics.
North Korea has a history of last-minute cancellations and unexplained reversals, and some experts say it might have sought to gain concessions from the South.
Among them are speed skaters Ivan Skobrev, a two-time medalist at the Vancouver 2010 Games, and Artem Kuznetcov.
Russian President Vladimir Putin has told the country's athletes to forget about doping scandals when they compete at the Pyeongchang Olympics.
It was also reported that Christophe Dubi, the Olympic Games executive director for the IOC, said a "last push is needed" to reach the ticket sales goal.
They will compete under a neutral flag as "Olympic Athletes from Russian Federation".