On past form, the parade will see Kim watch ranks of goose-stepping soldiers marching through Kim Il-Sung Square in the centre of Pyongyang, accompanied by tanks, missiles on trailers, and other materiel.
North Korea showed off what appeared to be three long-range missiles, at least one apparently new.
In a New Year's speech on January 1, North Korean leader Kim Jong-un said the country was in its "final stage" of test-firing an ICBM that could reach the USA mainland.
The menacing boast came as a USA aircraft carrier group headed for the region amid rising fears the secretive state is on the verge of another nuclear weapons test.
But a USA military official, who requested anonymity to discuss planning, said the US doesn't intend to use military force against North Korea in response to either a nuclear test or a missile launch.
It has carried out five nuclear tests - two of them a year ago - and multiple missile launches, one of which saw several rockets come down in waters provocatively close to Japan last month.
The North has said it has developed a missile that could strike the USA mainland, but officials say that ability may take more time for development.
Adding to speculations about using military force against North Korea, the United States deployed its largest conventional bomb in Afghanistan yesterday, in a move interpreted as a warning to Pyongyang.
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Unlike at some previous parades attended by Kim, there did not appear to be a senior Chinese official in attendance.
North Korea has reportedly launched a missile on its east coast which has failed.
A crisis management center at the prime minister's office has reached the same conclusion as the United States that North Korea launched a ballistic missile from the eastern part of the country in the morning but it exploded immediately afterward.
Also Friday, North Korea's vice foreign minister told The Associated Press in an exclusive interview that Trump's tweets - he recently tweeted, for example, that the North is "looking for trouble" - have inflamed tensions.
The annual U.S. -South Korea military exercises have consistently infuriated the North, which views them as rehearsals for an invasion.
It said it was prepared to take various courses of action, including a nuclear strike, and warned that it had the capability to hit both American bases in Japan and South Korea and the continental U.S.
Against the backdrop of rising tensions with the United States, North Korea showed off new missiles in a military parade Saturday marking the birth of the country's founding leader, Kim Il Sung.
"However, North Korea has a habit of showing off new concepts in parades before they ever test or launch them", Hanham said. The North conducted its fifth such test last September.
Kim did not address the rally, which celebrates the 1912 birthday of his grandfather, Kim Il Sung - North Korea's founding ruler - and which is meant to send an unmistakable message to Washington about the isolated, nuclear-armed North's military might.
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