"We accept and respect the decisions of the IOC Executive Board that Russia may compete under a neutral flag," the Pyeongchang organising committee said in a statement.
"We will work with the IOC and all other relevant stakeholders accordingly to ensure that all the athletes and officials attending the Games as part of this team are given the best experience possible."
The International Olympic Committee Tuesday banned Russia from the 2018 Winter Games in the toughest sanctions ever levelled by the IOC for drug cheating.
Rather than a blanket ban, the IOC chose a more moderate path which offers some Russian athletes a route to compete in the Games.
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