The Olympic body must decide if Park Jong-woo will receive the medal it has withheld from him since Aug. 10.
IOC President Jacques Rogge says it has formed a disciplinary commission "to look at the issue."
This week, FIFA suspended Park for two matches after finding him guilty of "unsporting behavior (which) cannot be tolerated."
After South Korea beat Japan 2-0 at Cardiff, Park displayed a sign in national colors with the slogan "Dokdo is our territory" to support sovereignty over islets that Japan also claims in a decades-old dispute.
The IOC and FIFA prohibit on-field political statements.