Seoul was chosen over South Korea's second largest city Busan, located 450 kilometres (280 miles) southeast of the capital, according to the Yonhap news agency. North Korea is yet to announce its candidate city but Pyongyang is seen as a certain choice considering its infrastructure.
READ MORE: South Korea Needs $3.4Bln to Host Joint 2032 Olympics With Pyongyang — Reports
At a summit in the North Korean capital in September 2018, South Korean and North Korean leaders, Moon Jae-in and Kim Jong-un, agreed to submit a bid to co-host the 2032 Olympics amid a warming of ties between the two countries.
South Korea and North Korea are scheduled to submit a letter of intent to the International Olympic Committee (IOC) on Friday.