The meeting was requested by the United States, Japan and South Korea, Uruguay's mission to the United Nations said.
"Due to the latest North Korean missile launch (May 21st), urgent consultations have been requested by US, Japan and ROK. The meeting will take place on Tuesday, May 23," the Uruguayan mission said.
North Korea test-launched what the US Pacific Command described as a medium-range missile earlier Tuesday, the second missile test this week and the 10th this year.
It followed the test launch May 14 of what was believed to be an intermediate-range Hwasong-12 missile that Pyongyang boasted was capable of carrying a "heavy" nuclear warhead.
US Secretary of State Rex Tillerson earlier Sunday said the latest test was "disappointing" and "disturbing."
Tensions in the region have soared amid the drumbeat of missile tests and persistent fears that Pyongyang might conduct a sixth nuclear test.