The 2007 Mnet KM Music Festival (MKMF) took place on November 17, 2007 at the Seoul Sports Complex in Seoul, South Korea. The ceremony was hosted by comedian Shin Dong-yup and actress Lee Da-hae. Big Bang received two awards including Song of the Year (Grand Prize) with Epik High and Clazziquai also receiving two awards with the former receiving Album of the Year (Grand Prize).
The award ceremony was held for the ninth consecutive time. The event took place at the Seoul Olympic Stadium for the first time with Shin Dong-yup as a returning host for the fifth time and Lee Da-hae as his co-host. Japanese artist Gackt performed on the stage for the second time since the sixth ceremony, while co-host Lee Da-hae performed "I Love Rock 'n' Roll" kor. version during the middle of the show. Lee Min Woo (M) and Shin Hye Sung, both members of Shinhwa left the event right before broadcast.
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: