Pyongyang said in a statement carried by its official Korea Central News Agency that the UN sanctions were a "violent violation of our sovereignty".
The message of defiance was the first major response to the US-drafted sanctions that the UN Security Council unanimously approved over the weekend that could cost North Korea $1 billion a year while restricting crucial economic links with China.
North Korea threatened to make the US "pay the price for its crime... thousands of times".
The statement came as North Korea's Foreign Minister Ri Yong-Ho was in the Philippine capital of Manila for a security forum with top diplomats from the US, China, Russia and other Asia-Pacific nations.
US Secretary of State Rex Tillerson on Monday ruled out a quick return to dialogue with North Korea, saying the new sanctions showed the world had run out of patience with Pyongyang's nuclear weapons ambitions.
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