The 2004 Mnet KM Music Video Festival (MKMF) took place on December 4, 2004 at Kyung Hee University in Seoul, South Korea. The ceremony was hosted by comedian Shin Dong-yup and actress Kim Jung-eun. Soloists Rain and BoA were the most nominated artists with three nominations each, while boyband Shinhwa had the most wins with two.
The award ceremony, previously known as the Mnet Music Video Festival, merged with the KMTV Korean Music Awards and was as Mnet KM Music Video Festival (MKMF). The Grand Prize (Daesang) were the Best Popular Music Video Award and Music Video of the Year. For the second time, the event took place at the Kyung Hee University. Shin Dong-yup and Kim Jung-eun hosted the event. The category of Best OST was introduced for the first time. Three international artists performed in including Jerry Yan, becoming the first Taiwanese singer to perform in the ceremony.
The following criteria for winners include:
Winners are listed first and highlighted in boldface.
The following artist(s) received two or more wins (excluding the special awards):
The following artist(s) received two or more nominations: