"Enhancing the cooperation between the Olympic and Paralympic Movement was one of the key recommendations of Olympic Agenda 2020", IOC President Thomas Bach said a day after the 2018 Paralympic Winter Games kicked off in PyeongChang.
The Paralympics will run from March 9-18 this year.
The South Korean city very recently hosted the latest edition of the Winter Olympics.
Although the Games for people with disabilities is independent from the Olympics, they will use numerous same venues and discuss numerous same issues.
The KPC said that the International Paralympic Committee (IPC) had told them it was now impossible change the flag.
"Having recognized how much you, para athletes, have sweated and shed tears coming all the way to PyeongChang, we all know that every one of you is already champion as well as hero", Lee said.
Following the doping scandal that led to Russia being banned from the Winter Olympics and Paralympics, 30 Russian athletes will compete under the banner of "Neutral Paralympic Athletes".
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Tyler Walker - Born in Hanover, N.H., the University of New Hampshire graduate has competed in every Paralympic Games since 2006, finishing sixth in the giant slalom in 2006.
"The IPC said it did not want any more controversy over this, so made a decision to honour each side's opinion by letting the two countries march separately", the KPC said. They had originally been expected to march alongside their South Korean counterparts at Friday's opening, but a row over how the unification flag should appear halted the plan. Germany's Bach did not attend the Rio Paralympics in 2016 and was heavily criticized by some athletes.
Beginning as a small gathering of British World War II veterans in 1948, the Paralympic Games has grown into the world's largest sporting event for athletes with physical disabilities. Even the 310,000 tickets could be sold out completely and the IPC is considering putting extra tickets on sale.
Pyongyang is sending its first ever athletes, two cross-country skiers, to take part in a Winter Paralympics, the last stage of rapprochement with the South that began at last month's Winter Olympics.
In response to the North's declare, the Worldwide Paralympics Committee stated the 2 Koreas will march individually because the flag can't be modified.
The US men's sled hockey team plays its first game on Sunday vs. Japan. The number of female athletes has increased by 44% from 2014.
The first events will take place Saturday, with athletes competing in downhill skiing and biathlon.