The North confirmed it would attend next month's Olympics in the South at a rare inter-Korean meeting last week, following months of tensions over its nuclear weapons programme.
The ministry said the hermit state is apparently keen to discuss logistics of the performers' trip to the South before planning its athletes and supporters' attendance at the Games.
"It appears that the North wants to discuss various practical matters related to an art troupe's visit as a priority," the ministry said in a statement, adding that the government would respond after reviewing the North's proposal.
The Moranbong band is an all-female music group performing pop, rock and fusion styles, whose members are reportedly selected by the leader Kim Jong-Un himself.
It comes a day after South Korea's vice sports minister Roh Tae-Kang said the South had proposed marching with North Korea at the Olympics' opening ceremony and also forming a joint women's ice hockey team during the high-level talks which took place on Tuesday.
A joint march at the opening ceremony would be a stunning statement for the so-dubbed "Peace Olympics", which will open about 80 kms from the heavily fortified Korean border on February 9.
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