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Japan is reportedly pushing for economic sanctions while China and Russia - sympathetic to the North - oppose any punitive measures.
But Russian President Vladimir Putin said the test launches were "disappointing", and stressed the need to resume diplomatic talks.
Speaking on a webcast for the BBC, and Russian website Yandex.com, Mr Putin said concern over the tests "should not drown out common sense".
He added that it was "practically impossible" for the North to build a missile capable of striking targets 6,000km (3,700 miles) away, with its current level of technology.
Who stands where?
World press reaction
S Koreans fear more missiles
US envoy Christopher Hill is travelling to the region to discuss the next steps, and a senior Chinese negotiator is heading to Pyongyang next week aiming to kick-start negotiations.
In a statement reported by South Korean media, the North made its first public acknowledgement on Thursday that it had recently test-fired missiles.
It described the tests as successful - even though the long-range Taepodong-2 failed shortly after take-off. The missiles all landed in the Sea of Japan.
The launches were part of "regular military drills to strengthen self-defence", the North's foreign ministry said in a statement carried by the state-run Korean Central News Agency.
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