The ban, as announced by US Secretary of States, Rex Tillerson, is to remain in effect for one year, unless it is revoked.
The sanctions provided in Resolution 2371 aim to slash North Korea's annual export revenue of US$3 billion by a third.
The ASEAN foreign ministers urged the North to "positively" contribute to realizing the ASEAN Regional Forum's vision for the "lasting peace, stability, friendship and prosperity" of the Asia-Pacific region.
But it said that "as a precautionary measure, the company has decided to expand the non-flyover area around North Korea".
ASEAN - which includes Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Laos, Cambodia and Myanmar - is "very much concerned about the developments in the Korean Peninsula", said Philippine Foreign Ministry spokesman Robespierre Bolivar.
The draft resolution reiterates language in previous council resolutions supporting a return to six-party talks with the goal of denuclearizing the Korean Peninsula, expressing the council's commitment "to a peaceful, diplomatic, and political solution".
The report said the ban reflects Washington's view of Pyongyang as an enemy and reiterated that President Donald Trump's administration should abandon its hostile policies towards the North.
But Tillerson's statement of sense is greatly at odds with various hawkish statements of GOP elders, not to mention the president himself.
Sanctions have already been in place since 2006 over the country's weapons programmes.
Partial, not total solar eclipse for Sudbury
And if you make it to 2045, the next total solar eclipse to impact the US that year will pass right over Orlando on August 12. The widget lets you know exactly when the eclipse will start in your location, how long it will last, and when it will end.
England wins toss and bats in final test vs. South Africa
Bairstow was 33 not out, having survived a contentious umpire review for a slip catch when he'd made a mere four runs. Westley, in just his second Test, walked out to join Essex colleague Cook with England 35 for one in the 13th over.
Department of Defense: Two killed in Afghanistan from Fort Bragg
Hunter's father, Mark Hunter, confirmed that his son was a member of the 1st brigade Combat Team with the 82nd Airborne Division. At least two American military personnel were killed in a murder-suicide attack on a NATO convoy in Afghanistan earlier today.
Mourinho: €222million For Neymar Is Cheap
Figures appearing in the media suggest that Paris Saint-Germain's total outlay for the Neymar deal will be circa £400 million. PSG's 2015/16 revenue came to 521 million euros, according to Deloitte's Football Money League report issued in January.
'Game of Thrones': Bran Stark returns, Twitter reacts
I know there's a certain contingent of people who will say that the Stark family's charm is that they're noble and upstanding. The dagger in question is the Valyrian steel weapon that an assassin uses in a murder attempt against Bran in season one.