Pyongyang is under multiple UN sanctions over its nuclear and missile tests and is prohibited from carrying out any launch using ballistic missile technology including satellites.

But South Korean daily newspaper Joongang Ilbo reported: 'Through various channels, we've recently learned that the North has completed a new satellite and named it Kwangmyongsong-5. 

'Their plan is to put a satellite equipped with cameras and telecommunication devices into orbit.'

North Korea is preparing to launch a satellite, it has been claimed, as outside observers warn that the nuclear-armed regime's space programme is likely to be a cover up for more for weapons tests (pictured in February)