It is presented by the Korea Film Director's Network (KFDN), a group of approximately 300 Korean filmmakers.

[5][6][7][8] The ceremony was temporarily discontinued after 2010 due to "internal issues" within the organization.

[9] It was resumed in 2014 and held concurrently with the Jecheon International Music and Film Festival (JIMFF).

[10] The 21st edition of award ceremony was held on February 24, 2023, at the Convention Hall on the 1st floor of the Chungmu Art Center.

[11][12] The 20th edition of award ceremony was held online on February 24, 2022.