Singer IU, miss A's Suzy and actor Jung Gyu Woon has been selected to host this year's "Korea Pop Music Festival" awards.

SBS shared today the top three stars, IU, Suzy and Jung Gyu Woon, would oversee this year's awards at Korea University's Hwa Jung gymnasium on December 29.

IU and Suzy are familiar with hosting duties as IU is currently one of the MC's for SBS' "Inkigayo" while Suzy most recently co-MCed with Shin Dong Yup for 2012 'KBS Variety Awards'.

This year's "Korea Pop Music Festival" is drawing a lot of attention for its "The Color of K-Pop" special featuring a slew of K-Pop idol members to form two male and two female groups to perform for the awards ceremony.