Dō is the go-on vocalization of the Japanese kanji 道, corresponding to Mandarin Chinese (pinyin) dào, meaning "way", with connotations of "philosophy, doctrine" (see Tao). In Asian martial arts, the word has been widely adopted as the term for a "school" or "discipline", especially in "Old School" (koryū- 古流) lineages of Japanese martial arts, such as the Kashima Shin-ryū (鹿島神流), although its use in the greater martial arts community has become much more widespread as a synonym of jutsu 術 "technique, method".
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Japanese martial arts
Korean martial arts
The word "道" is used in quite the same way in Korean language and culture, and is pronounced identically with its Japanese cognate as Dō.
Other
References
Dō (martial arts) Wikipedia(Text) CC BY-SA