After three failures, it was the first successful test of an intermediate-range missile capable of reaching the island of Guam, where the USA has a major bomber base.
It was North Korea's seventh test this year of a missile it says can reach us military bases in the Pacific. Pyongyang has since threatened a sixth.
"If the US awkwardly attempts to provoke the DPRK, it will not escape from the biggest disaster in history", he said.
"The members of the Security Council vowed to fully implement all measures imposed on the Democratic People's Republic of Korea by the Security Council and strongly urge all other Member States to do so in an expeditious and serious manner", the press release.
"Our position is that we can launch a preemptive strike to reduce damage on our side if there are clear signs of an imminent North Korean missile attack", Han said at the session of the South Korean Parliament's National Defense Committee, as quoted by the Yonhap news agency.
Instead, said Koo Kab-Woo of Seoul's University of North Korean Studies, he had been posed "an extremely hard question" by the launch.
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That signaled a new phase in applying sanctions that curb exports of coal from North Korea, impose severe restrictions on banking and ban sales of luxury goods and equipment that could be of use to the military.
ICBM's are considered to have a range of about 6000km, but analysts believe the missile tested on Sunday would have travelled about 4000km if it had been fired at a standard trajectory rather than upwards.
North Korea has released launch video of what is believed to be a risky and new long range ballistic missile, which it claims is capable of carrying a "heavy nuclear warhead". "He really can't oppose it anymore", said Hong Moon-jong, a member of the conservative Liberty Korea Party, the second-largest party with 107 seats, behind the 120 seats held by the ruling party.
"North Korea's latest successful missile test represents a level of performance never before seen from a North Korean missile", John Schilling, an aerospace expert, wrote in an analysis Sunday for 38 North, a leading monitor on North Korea.
"We are calling on all of those folks in the region, particularly China and Russian Federation, to do everything they can in terms of sanctions to help resolve the situation and bring stability to the Peninsula", the White House said.
The Security Council adopted two sanctions resolutions a year ago to ramp up pressure on Pyongyang and deny leader Kim Jong-Un the hard currency needed to fund his military programs.
France's United Nations ambassador says Security Council members are working on a resolution that would impose new sanctions against North Korea and strengthen enforcement of existing sanctions.
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Pyongyang should "conduct no further nuclear and ballistic missile tests", it said.
Dialogue would be possible "only if the North changes its attitude", he said.
Leader "Kim Jong-Un has stepped up testing compared to his father and grandfather, and it is starting to pay off", Melissa Hanham of the Middlebury Institute of International Studies in California told AFP.
The North could be testing ICBM subsystems in a "low-key manner" to "hedge" against the possibility of USA military action, he added.
"This could also be an opportunity for China to show that it can initiate some plausible plans to handle the North Korea issue within the framework of the global community", Su added.
The United States called for tougher sanctions against the North, with the White House saying it "has been a flagrant menace for far too long".
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