[Update: The event is now over.]

The '2014 MelOn Music Awards' is being streamed live now from the Olympic Park in Seoul!

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The 'MelOn Music Awards' is known for awarding artists based on album sales and online votes. All the artists performing are on MelOn's 'Top 10' list, which was created from 20% user votes and 80% album ratings. 

IU, Taeyang, B2ST, SISTAR, WINNER, and Girl's Day are set to perform at the ceremony, and many of your favorite artists will pick up awards! Check out the whole show live above!