According to The Japanese coast guard, which first reported the launch, the item could potentially be a ballistic missile, but no confirmation has yet been given.
The UN prohibits North Korea from ballistic and nuclear weapons tests.
If confirmed, this would be the first such launch carried by Pyongyang this year.
“South Korean and US intelligence are closely analyzing for further detail,” the JCS said in a statement.
In 2017, North Korea tested the Hwasong-15, a missile that peaked at an estimated altitude of 4,500km, putting US military bases on the Pacific island of Guam well within striking distance.
The launch comes days after Mr Kim said that Pyongyang would continue to strengthen its defense capabilities due to an increasingly unstable military environment on the Korean peninsula – a stance Mr Panda warned could see 2022 “littered with similar North Korean missiles.”
Mr Kim made the remarks during a key end-of-year meeting of North Korea’s ruling party.
Japanese Prime Minister Fumio Kishida called the latest launch “very regrettable,” pointing to North Korea’s repeated testing of missiles since 2021.
In 2021, North Korea continued the advancement of its weapons programme, conducting what state media reported as the testing of a new hypersonic missile, as well as a train-based ballistic missile and a new long-range cruise missile.
Ballistic missiles are considered more threatening than cruise missiles because they can carry more powerful payloads, have a longer range and can fly faster.
SOURCE: NEWS AGENCIES