North Korea is preparing to launch a satellite, as outside observers warn that the nuclear-armed regime's space programme is a fig leaf for weapons tests. <br/><br/>Stating this a Seoul newspaper The Joongang Ilbo daily, quoting a South Korean government source said they have recently learned that the North has completed a new satellite and named it Kwangmyongsong-5 The sources said North Korea's plan is to put a satellite equipped with cameras and telecommunication devices into orbit. <br/><br/>Pyongyang launched their Kwangmyongsong-4 satellite in February 2016, which most in the international community viewed as a disguised ballistic missile test. The report came as the North's ruling party newspaper Rodong Sinmun reasserted the regime's right to launch satellites and develop its space technology.