This year, Incheon hosted the first edition of the Korea Grand Music Awards (KGMA) , organized by Ilgan Sports. The two-day ceremony is a music festival featuring performances by many famous artists. The KGMA aims to honor the most outstanding talents in K-pop, with awards based on expert judges' evaluations, fan votes, and album sales.

First day winners

• Artist of the Year 2024: NewJeans
• Best Album of the Year 2024: (G)I-DLE
• 2024 Honorary Choice: ZEROBASEONE

Other rewards

• Best Artist: DO, ZEROBASEONE, STAYC, P1Harmony, Taemin of SHINee, Lee Young Ji, YOUNGTAK, Jeong Dong Won, NewJeans, and (G)I-DLE
• Best Solo Artist: SHINee's Taemin
• Best Group: QWER
• Best Hip-Hop Artist: Lee Young Ji
• Best R&B (Male): DO from EXO
• Best R&B (Female): BIBI
• Best Original Soundtrack: Yoo Hwe Seung
• Best Rock Ballad: Lee Mujin
• Rising Star IS: JD1
• Best memory: Lee Mujin
• Best Adult Contemporary: YOUNGTAK
• Lotte Caliverse Transcendent Artist of the Year: YOUNGTAK
• Best Popularity Lullua x Fancast: SHINee's Taemin
• Legendary K-pop artist: TVXQ