• Park Shin Hye attends the Chanel Cruise Collection show held in Seoul on May 2015.

Park Shin Hye attends the Chanel Cruise Collection show held in Seoul on May 2015. (Photo : Getty Images/Chung Sung-Jun)

With the upcoming end to the year 2016, several South Korean celebrities and musicians received accolades for their hard work and successful projects. Recently, the 2016 Asia Artist Awards conferred its highest honors to Park Shin Hye, Park Bo Gum, Girls Generation singer Yoona, BTS, EXO, TWICE and more.

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The 2016 Asia Artist Awards was a star-studded event where many of South Korean's promising and talented stars were recognized for their various accomplishments. Held on Nov. 16, Wednesday, at the Hall of Peace in Seoul's Kyunghee University, some of the big winners included the Kpop group BTS, as well as Yoona who nabbed several awards during the event.

BTS received two awards namely the Best Artist and Best Icon Awards while the Girls Generation singer received the Asia Star honor, as well as the Popularity Award, according to TV Daily. Meanwhile, the boy band Exo brought home four trophies for the Daesang Award, Popularity Award, Baidu Star Award and Asia Star Award.

Kpop girl group TWICE, whose music video "TT" and album recently achieved 50 million views on YouTube, was named as Best Artist. Park Hae Jin, as well as "Doctors" actress Shin Hye also received the same accolade during the 2016 Asia Artist Awards event.

"Moonlight Drawn by Clouds" actor Bo Gum received two awards namely Best Star and Asia Star Awards. The actor's co-star Kim Yoo Jung was also recognized for her talent and was awarded the Best Icon honor.

Other winners include "Entourage" actor Seo Kang Joon, Nam Ji Hyun, B.A.P. and MAMAMOO who were named the Best Entertainers of the year. The Best Celebrity Award went to "Descendants of the Sun" co-stars Jin Goo and Kim Ji Won, Nam Goong Min, as well as Kpop groups VIXX and AOA.

In other news, EXO and TWICE have joined the list of celebrities who will appear in the upcoming 2016 Melon Music Awards. A broadcast source told Korean news outlet News1 that the two Kpop groups have confirmed their participation in the event, as well as Red Velvet, MAMAMOO and Girls Generation member Taeyeon.

The 2016 Melon Music Awards will be held on Nov. 19, Saturday. Watch TWICE's performance during the Asia Artist Awards below: