The theme for the year was "Newtro", a transformation aiming to cater to the tastes of all generations.

[1] Kim Shin-young, Jang Won-young and Na In-woo hosted the show.

[2] On November 14, KBS announced that Na In-woo, Ive's Jang Won-young, and Kim Shin-young, were selected as MCs for the event.

[4] On November 28, KBS released a graphic poster for the event, which is reminiscent of arcade games, implies that the music festival will have a Y2K theme, a hot trend among K-pop idols this 2022.

[1] On November 30, KBS revealed the line-up, which included Koyote, BoA, Up10tion's Kim Woo-seok, NCT 127, NCT Dream, Pentagon, The Boyz, Fromis 9, Forestella, Stray Kids, (G)I-dle, Ateez, Choi Ye-na, Oneus, Itzy, Tomorrow X Together, STAYC, Aespa, Enhypen, Ive, Kep1er, Nmixx, Le Sserafim, and NewJeans.