The awards ceased for a couple years beginning in 1969, but were revived in 1972 after the establishment of the Korea Motion Picture Promotion Association, in an effort to stimulate the then-stagnant film industry.
[6] The 59th edition of the award ceremony was co-hosted with the Gyeonggi Arts Center for the first time at the Gyeonggi Arts Center Grand Theater and Convention Hall on 15 November 2023.
Cha In-pyo and Jang Do-yeon were master of ceremonies for the award night.
[7] In December 2023, the Federation of Korean Filmmakers, which hosted the Awards, was declared bankrupt by the Seoul Bankruptcy Court.
[8] The sale of the Daejong Film Festival trademark rights was announced in November 2024.