The 2006 Mnet KM Music Festival (MKMF) was the eighth of the annual music awards in Seoul, South Korea that took place on November 25, 2006, at the Olympic Gymnastics Arena.

Leading the nominees were boy bands TVXQ and SG Wannabe, and solo artist Rain with five nominations each.

The boy bands secured two wins each by the end of the ceremony, while the latter received only one award out of 5 nominations.

The event took place at the Olympic Gymnastics Arena once again with Shin Dong-yup as a returning host and Kim Ok-vin as his co-host.

[3] The following artist(s) received two or more wins (excluding the special awards): The following artist(s) received more than two nominations: The following individuals and groups, listed in order of appearance, presented awards or performed musical numbers.