The launch will occur just as South Korea is holding its presidential election, which is sure to create even more diplomatic tensions between the neighboring countries, says Reuters.
In April, North Korea's first attempt to launch a long-range rocket was widely condemned by United Nations officials. This would be North Korea's second launch attempt under leader Kim Jong Un, who took power following his father Kim Jong Il's death nearly a year ago.
Reuters reports that state news agency KCNA said on Saturday that the launch of a rocket carrying a satellite would take place between December 10 and December 22.
Although North Korean officials say the launch is for peaceful purposes, the United States and South Korea fear that the tests are in preparation for eventual nuclear warhead use.