Japan's defense minister, Takeshi Iwaya, said the North's efforts to advance its missile capabilities are a serious threat to the region.
North Korea has continued to boost its nuclear and missile programmes in recent months, the experts said, although it refrained from conducting Intercontinental Ballistic Missile launches or a nuclear test.
Today's launch was the fourth by North Korea in two weeks.
Firms like Sony are likely to be affected because of South Korean dominance in the memory chip market and OLED.
The Foreign Ministry's statement is a response to Washington and Seoul launching joint military drills this weekend, the first ever led by a South Korean, not an American, general. The "widespread and increasingly sophisticated" attacks carried out by actors under the direction of a top North Korean military intelligence agency served to "raise money for its WMD programmes, with total proceeds to date estimated at up to two billion USA dollars", experts write in the report delivered to the UN Security Council North Korea sanctions committee.
North Korea frequently lashes out against US-South Korea military exercises, which it considers a preparation for invasion. The U.S. and South Korea say the drills are defensive in nature, while North Korea sees them as preparation to invade.
'The U.S. and south Korean authorities remain outwardly talkative about dialogue.
The North's spokesman said Pyongyang remains committed to dialogue, but it could seek a "new road" if the allies do not change their positions.
The mentioned statements were the result of in-person meetings between dictator Kim Jong-un and South Korean President Moon Jae-in.
North Korea also launched projectiles last Wednesday and Friday, and said they were a "newly-developed large-caliber multiple launch guided rocket system".
The North's recent tests have dampened the optimism that followed the third and latest summit between Trump and Kim on June 30 at the inter-Korean border.
Trump and Kim agreed to resume nuclear talks during an impromptu June meeting in the Demilitarized Zone that divides the peninsula, but that working-level dialogue has yet to begin.
In the KCNA statement Tuesday, the North held out the possibility of more dialogue.
'We remain unchanged in our stand to resolve the issues through dialogue, ' the statement added.
"A constructive dialogue can not be expected at a time when a simulated war practice targeted at the dialogue partner is being conducted, and there is no need to have a fruitless and exhausting dialogue with those who do not have a sense of communication", it continued.
In addition, Pyongyang pointed to the United States defense university report that proposed sharing U.S. nonstrategic nuclear capabilities with South Korea.
North Korea has defied years of isolation to develop its arsenal and has not given up any of its weapons, while proving itself adept at dragging out discussions.
"I wish they'd have come here", Pompeo told reporters before heading home from Thailand.