SEE ALSO: Hwayoung releases a second statement on Instagram revealing her side to the 'T-ara bullying scandal'

The annual award ceremony, sponsored by Melon, is one of the first year-end award shows to kick off celebrating some of the bests of K-Pop from over the past year! 

This year's top 10 artists were chosen from a pool of 30 artists who had the highest Melon chart scores for the year, narrowing it down by combining fan votes (20%) and chart scores (80%). They are: Akdong Musician, BewhY, BTS, EXO, G-Friend, MAMAMOO, Red Velvet, Taeyeon, TWICE, and Zico. 

A 2nd round of fan votes will take place from now until November 18, so that they can be factored into selecting the winners in categories like Artist of the Year, Album of the Year, Song of the Year, Rookie of the Year, Netizen's Choice, Hot Trending Star, Music Style Award, and more. 

The '2016 Melon Music Awards' will be broadcast live on MBC MUSIC, MBC every1, Daum, Kakao TV, 1theK's Youtube channel, China's QQ Music, and more on November 19 at 7PM KST.