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Taekwondo made its first appearance at the Summer Olympic Games as a demonstration sport at the 1988 Summer Olympics in Seoul, South Korea. The opening ceremony featured a mass demonstration of taekwondo with hundreds of adults and children performing moves in unison. Taekwondo was again a demonstration sport at the 1992 Summer Olympics in Barcelona, Spain. There were no demonstration sports at the 1996 Summer Olympics in Atlanta, USA. Taekwondo became a full medal sport at the 2000 Summer Olympics in Sydney, Australia, and has been a sport in the Olympic Games since then.

For Olympic competition, there will be a single elimination tournament for each of the weight categories. Repechage competition will occur for the bronze medal contest, while the winner of the tournament will receive the gold medal, and the loser will receive the silver medal. Anyone who loses in the single elimination competition enters the repechage. "In the repechage, the losers of the semifinals during the elimination phase will be seeded directly to each of repechage finals, but on the opposite side of the bracket. Other losers will advance to the repechage unseeded, at the same side of the bracket in which they contested during the elimination phase." The two finalists of the repechage will receive bronze medals. A National Olympic Committee may only send a maximum of two men and two women competitors, without regard whether it is the host nation.

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