Four-times world champion Friedrich set the fastest time but Kripps, in the final run of the competition, exactly matched his mark of three minutes 16.86 seconds.
In 1998 in Nagano, by coincidence, Canada were involved again, when Pierre Lueders and Dave MacEachern tied with Italians Antonio Tartaglia and Günther Huber to share the gold.
That was also the last time Canada won gold in this discipline, sharing the title with Italy's Gunther Huber and Antonio Tartaglia.
In women's hockey, the American team booked its spot in the gold-medal game with an emphatic 5-0 rout of Finland on Sunday.
Justin Kripps and Francesco Friedrich stood side-by-side in celebration, the Canadian and German flags overlapping one another.
Mulder, whose twin brother Michel won gold at the last Olympics but failed to qualify for the Pyeongchang Games, was the highest-placed of the three Dutch skaters in seventh. "I think we both deserve it".
Latvia got bronze, with Oskars Melbardis and Janis Strenga finishing 0.05 seconds back to complete the closest three-sled finish in Olympic history.
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Lueders is now in charge of the South Korean bobsleigh team at their home Games.
It's the third time the top two sleds have finished tied in an Olympic two-man race.
Kripps and Kopacz reached the podium by two tenths of a second. Twenty-year-old Gao Tingyu of China took bronze.
When it comes to gold, it's twice as nice for Canada and Germany! The have won six speedskating golds in Korea so far, and 11 of the 27 medals on offer.
"The whole community supports each other, when people win they are happy and when they lose we all feel sad together", agreed Kopacz.
It was Canada's second gold medal in two-man bobsledding - both coming in a tie.
- The Court of Arbitration for Sport confirmed its anti-doping division is looking into Russian mixed doubles curling bronze medallist Alexander Krushelnitsky.
"On my first run I just really wanted to land, that's like my biggest thing for my confidence", said Sharpe.