This article is by Shin Ha-nee, Kim Ji-ye and read by an artificial voice.
[EXPLAINER]
It's that time of the year again: The Baeksang Arts Awards - sometimes dubbed "Korea's Golden Globes" - has returned, with a star-studded lineup of nominees, including IU, Park Bo-gum, Lee Byung-hun and Kim Tae-ri.
Beyond the seemingly ever-growing glitz and glamor, few may be aware of the tumultuous journey Korea's entertainment industry has weathered over recent years amid a broader reshaping of the media landscape. This has inevitably left some in the industry behind, with the Daejong International Film Awards, once-called "Korea's Oscars," fading to near obscurity.
So, there's perhaps no better time than now to ask: What is a Baeksang, exactly? How does it compare to the Blue Dragon Film Awards, or even the actual Golden Globes? And how did Korea's top three honors dwindle down to only two?
Oh, and one more question: why didn't Bong Joon-ho's "Mickey 17" bag a single nomination?
If you are a K-drama or K-film enthusiast rooting for your favorite screen stars, here is a breakdown of what you need to know before tuning into this year's Baeksang Arts Awards.
What are Korea's 'big three' film honors?
The nation's film industry has had three prestigious film awards events for more than a decade now: the Daejong International Film Awards, the Blue Dragon Film Awards and the Baeksang Arts Awards.
The oldest among these, the Daejong International Film Awards, has been traditionally organized by the Motion Picture Association of Korea since 1962.
However, a combination of dwindling relevance, a shrinking number of guests showing up to the ceremony, constant controversy over the event's integrity since the 1990s and administrative fallouts have led to the host organization being declared bankrupt last year. The ceremony, which is typically held at the end of the year, did not take place in 2024.
Daejong's trademark rights were subsequently sold at 660 million won ($464,422) to the Korea Movie Production Association. Yet, hopes for revival continue to face uncertainty, as seven industry organizations, including the awards' original host, the Motion Picture Association of Korea, issued a joint statement decrying what it described as "exerting monetary influence over the Daejong awards."
Blue Dragon continues to fly
That leaves us with the two remaining honors.
Launched in 1963, the Blue Dragon Film Awards, as its name suggests, recognizes achievements in the film industry. But the awards went through a long hiatus for nearly two decades due to an industry-wide slump from 1973. The event later resumed in 1990 with Sports Chosun, a sports and entertainment media outlet, remaining the organizer since then.
While Daejong has been grappling with persisting scandals over its "unfair" evaluation standards, the Blue Dragon Film Awards largely avoided such criticism. While the ceremony is still considered to be placing significant weight on commercial success, its winners have been relatively more diverse than those of the Daejong awards. The Blue Dragon also discloses details of the jury panels' assessment for each category every year, and the names of recipients are famously engraved on the trophies during the ceremony to prevent any leaks.
Especially with actor Kim Hye-soo becoming a constant presence for the Blue Dragon brand as a host for 30 years since 1993, the ceremony has solidified its position as arguably the most prestigious film awards ceremony, eclipsing its older counterpart.
Winners of the Blue Dragon Film Awards are decided by eight judges and a single vote that represents online popularity polls, with the contender that earns the majority named the winner.
How is Baeksang different?
On the other hand, the Baeksang Arts Awards, launched in 1965, celebrates achievements on both the big and small screens, as well as in theater. It is frequently compared to the Golden Globe Awards.
However, unlike the Golden Globe Awards, where journali...
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