Tensions have risen in recent months during the build-up to the next Winter Olympics, with North Korea and the United States having have traded threats as the communist country's leader Kim Jong-un has launched new missile tests, despite repeated warnings to stop.

The US announced it was set to activate a missile defence system in South Korea "within days" and tighten sanctions against North Korea, last month.

US President Donald Trump announced America was sending a naval carrier group to patrol the Korean Peninsula.

North Korea has threatened to launch a "super-mighty pre-emptive strike" against what it called US aggression.

Dubi has stated that the IOC are monitoring the situation, but repeated that there are no contingency plans to move the Games should matters escalate in the coming months.

“In a context like this one it is to follow the situation, it's evolution on a day-to-day basis and this is certainly what we are doing," Dubi said.

"At the same time, we have one plan and that is February in Pyeongchang.

"That's what we have in mind.

"Nevertheless, we are following the situation and monitoring on a constant basis and it is our duty to do so."

South Korea elected Moon Jae-in as the country’s President on Tuesday (May 9), after a cronyism scandal led to Park Geun-hye being impeached.

Moon, a liberal candidate from the Democratic Party, has pledged greater dialogue with North Korea in a bid to reduce tensions.

Chang Soo Jung, President of the Korean Tourist Organisation (KTO), told insidethegames earlier this month they were confident that there will be no problems during the Olympics.

"Unlike other famous cities in Europe and US there has been no terrorist attacks in Korea,” Chang said.

"There has been military action between soldiers.

"No country would want to escalate tension in the Peninsula before the Olympics, including the US.

"I believe this event will lead to peace and ultimately terminate the tension on the Korean Peninsula."

North Korean officials have reportedly declared the country's intent to take part in the Games.

Choi Moon-soon, the governor of Gangwon Province, claimed last month that a North Korean sports official confirmed his country will participate.

In February, Pyeongchang 2018 President Lee Hee-beom said that North Korea have a right and a responsibility to compete at next year's Winter Olympics.

Lee made the statement at a one-year to go press conference, where he was asked if tensions between the two countries could see North Korea opt out of sending athletes to compete.

The Pyeongchang 2018 President said that a North Korean delegation would be welcomed at the Games, claiming their presence could promote peace between the nations.