The late leader Kim Jong-il seldom spoke when he presided over similar events, and it is also the first time Kim spoke publicly.
Kim then watched as row upon row of infantry marched past, saluting him.
They were followed by tanks, heavy artillery and a wide array of increasingly large truck-mounted missiles.
Kim smiled and chatted, occasionally, with high-ranking officials standing next to him.
Five fighter jets, trailing plumes of colored smoke, flew over.
The young Kim was officially named first secretary of the ruling Workers' Party and first chairman of the National Defense Commission last week.
According to the Associated Press, during the military parade the DPRK unveiled what appeared to be a new missile.
Military analysts in Japan and the Republic of Korea said further examination would be required before confirming if it was an intercontinental ballistic missile that the DPRK has reportedly been working on for some time.
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