Several high-ranking officials including Kim Yong-nam, the President of the Presidium of the Supreme People's Assembly of North Korea, and Vice-Marshal Hwang Pyong-so of the Korean People's Army joined in the celebrations.
On that note, Glaser said China failed to act against certain Chinese banks that have allegedly given financial support to Pyongyang's missile and nuclear programme.
While a pre-emptive military strike may be among Trump's potential options, analysts say it's one of the unlikeliest because the North Korean retaliation would cause massive casualties in South Korea, particularly in Seoul, which is within easy range of North Korea's artillery.
He said North Korea should return to the negotiating table to discuss a "complete, verifiable and irreversible denuclearization of the Korean Peninsula". He said he fully understood China's relevant concerns and intends to have in-depth communication with the Chinese side.
They also called on Russian Federation and China to take further steps to rein in North Korea.
Washington has led the push for tougher sanctions in response to the milestone in Pyongyang's drive to threaten the United States mainland with a nuclear strike, and Trump has also warned he is ready to use force if necessary.More news: Government ethics director who prodded Donald Trump resigns
More news: Cavaliers, Lakers among favorites to sign Jamal Crawford
More news: Comprehensive Stock Analysis Of Advanced Micro Devices, Inc. (AMD)
The US President said North Korea had been behaving in a "very, very risky manner", adding: 'I call on all nations to confront this global threat and publicly demonstrate to North Korea that there are consequences for their very, very bad behaviour.
But it's unclear that North Korea would accept any of Moon's overtures as South Korea is working with the United States and others to get the country punished for its ICBM launch Tuesday.
Meanwhile, Russia accused the United States of attempting to negatively affect Moscow's relations with Pyongyang by leveling false allegations about the purported abuse of North Korean migrant workers in the Russian Federation.
Late on Thursday, court filings made public disclosed that United States authorities were trying to seize millions of dollars from companies that deal with North Korea, including the country's military, from eight large global banks.
If you recall, Obama drew a red line in the sand and said Syria better not cross it with chemical weapons.
It added China's trade with North Korea was now roughly equal to its trade with Mongolia, which has an eighth of the population.