North Korea fired three short-range ballistic missiles towards the sea to the east of the Korean peninsula in the wee hours today, December 31.<br />''<br />''South Korea's military has said that North Korea's ballistic missiles launch is a grave provocation that undermines peace and stability on the Korean Peninsula as well as the international community.<br />''<br />''However, Washington said, the latest missile launches do not pose an immediate threat to the US or its allies.<br />''Japan's coastguard earlier said that one missile had fallen into the sea.<br />''<br />''This latest volley comes five days after North Korea flew drones into South Korea's airspace for the first time since 2017.<br />''<br />''Meanwhile, North Korea has launched more missiles this year than ever before.  <br />''Earlier this month, the US and its Asian allies imposed sanctions on three senior North Korean officials associated with the country's recent missile tests.<br />