In this paper, a multicast concept for Device-to-Device (D2D) communication underlaying a cellular infrastructure is investigated. To increase the overall capacity and improve resource utilization, a novel interference coordination scheme is proposed. The proposed scheme includes three steps. First, in order to mitigate the interference from D2D multicast transmission to cellular networks (CNs), a dynamic power control scheme is proposed that can determine the upper bound of D2D transmitter power based on the location of Base Station (BS) and areas of adjacent cells from the coverage area of D2D multicast group. Next, an interference limited area control scheme that reduces the interference from CNs to each D2D multicast receiver is proposed. The proposed scheme does not allow cellular equipment (CUE) located in the interference limited area to reuse the same resources as the D2D multicast group. Then two resource block (RB) allocation rules are proposed to select the appropriate RBs from a candidate RB set for D2D multicast group. From the simulation results, it is confirmed that the proposed schemes improve the performance of the hybrid system compared to the conventional ways.