[1] It was created with the purpose of honoring artists who have played a role in spreading Korean culture around the world and bringing together the past, present, and future artists of Korean popular music.

The winners will be selected based on expert judge evaluations, digital music and album sales, and mobile fan voting.

[2] The first ceremony was held on November 16 to 17, 2024 at the Inspire Arena in Incheon, South Korea.

The ceremony's production headed by Han Dong-chul, the CEO of Funky Studio who formerly directed the MAMA Awards.

The line-up of artists in attendance consists of NewJeans, Aespa, Ateez, Zerobaseone, NiziU and Taemin among others.