In this file photo, members of South Korean boy band BTS perform during the Times Square New Year's Eve celebrations in New York on Dec 31, 2019. (BEN HIDER / INVISION / AP)

SEOUL - South Korean boy band sensation BTS will welcome in the New Year with their first live concert since they were forced to call off a world tour because of the novel coronavirus, their management company, Bit Hit Entertainment, said on Thursday.

The concert - 2021 New Year's Eve Live - will be on Dec 31 just outside the South Korean capital, Seoul, and will include other groups on the Big Hit label including NU'EST, GFriend and ENHYPEN.

The concert, which will be held on Dec 31 and streamed online, will be the first show to feature Big Hit artists in one grand event

Limited seating will be available, in line with government coronavirus safety guidelines, though Big Hit did not specify numbers. The show will be streamed online.

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"It will be the first concert to feature Big Hit artists in one grand event, capped with the countdown to welcome in the New Year," Big Hit said.

The seven-member BTS had to call off their tour of nearly 40 concerts in Asia, Europe and the United States, which had been due to begin in April, as the coronavirus spread around the world.

They played a virtual concert last month, drawing more than 990,000 viewers from 191 countries, and fetching some 50 billion won (US$45 million) in ticket sales.

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Since their 2013 debut, the band has ridden a global K-Pop wave with catchy, upbeat music along with lyrics and social campaigns aimed at empowering young people.

Their latest hit was Dynamite, their first song entirely in English, which topped the Billboard Hot 100 singles chart in September.