This is a show for the locals - look what we have, be proud of your leader! This is not meant to intimidate others.
Like most communist dictatorships, the NorKs likely have a separate collection of units specifically for parade use. The troops and equipment are optimized for looking good, and are generally useless in actual combat. Sure, they’ll have a few examples of their most recent weapons developments mixed in, but the bulk of their actual forces will still be out in the field. The parade wouldn’t make more than the smallest impact on their combat readiness.