"The South and North will hold a high-level inter-Korea meeting on May 16 in the Peace House in Panmunjom, to discuss the implementation of 'Panmunjom Declaration for Peace, Prosperity, and Unification of the Korean Peninsula," several media reports quoted the Unification Ministry, as saying, in a statement.
The two sides are likely to discuss measures related to the implementation of agreements reached at the intra-Korean summit in April.
The meet is scheduled at the border village of Panmunjom in the Demilitarised Zone (DMZ), the world's most heavily guarded border, separating the two countries.
According to several media reports, Wednesday's inter-Korea talks will see North Korea send a 29-member delegation led by Ri Son-gwon, chairman of the 'Committee for the Peaceful Reunification of the country'.
From South Korea, Unification Minister Cho Myoung-gyon will lead a team of five.
This comes ahead of North Korea's scheduled dismantlement of its nuclear test site later this month in a bid to uphold its previous pledge to discontinue nuclear tests.
A ceremony for the dismantling of the facility reportedly has been scheduled between May 23-25.
It is pertinent to mention that the announcement of the dismantlement of the nuclear test site came after US President Donald Trump announced that he will hold a meet with Kim Jong-un in Singapore on June 12. (ANI)