The Fact Music Awards (TMA) 2025, held on September 20, 2025, at the Macao Outdoor Performance Venue, celebrated the pinnacle of K-Pop achievements, with Stray Kids and aespa emerging as the night's most distinguished artists.
Stray Kids secured the prestigious Daesang (Grand Prize) and the Record of the Year award, solidifying their significant impact on the music industry. aespa was honored with the Muse of the Year and Special Jury Award, in addition to being recognized as Artist of the Year. The ceremony also acknowledged BOYNEXTDOOR and ENHYPEN with the Artist of the Year award, highlighting the diverse talent within the K-Pop scene.
Established in 2019, The Fact Music Awards bases its accolades on data from Circle Chart, expert evaluations, and fan participation, recognizing key contributors to the Hallyu wave. The global reach of K-Pop was further emphasized, with artists like aespa, ENHYPEN, and Stray Kids continuing to garner international acclaim.
The Korean Wave, or Hallyu, has experienced a dramatic surge in global interest since the 1990s, driven by K-pop, K-dramas, and films. This cultural phenomenon has become a substantial economic asset for South Korea, generating significant revenue through exports and tourism. In 2024, the number of Hallyu fans worldwide was estimated at 225 million across 119 countries, contributing approximately $14.16 billion to the Korean economy through related products and services. The success of groups like Stray Kids and aespa at the TMA 2025 underscores their individual achievements and the continued expansion of the Hallyu wave globally.
Stray Kids' consistent performance at the TMA, from their debut win as "Next Leader" to sweeping major categories, demonstrates a deep-rooted connection with the awards. aespa's recognition as a leading fourth-generation K-pop group, marked by their million-selling albums and successful tours, further solidifies their position in the international music market. The event, hosted by Jun Hyun-moo and Seohyun for the seventh time, featured a variety of performances and special stages, reinforcing the dynamic nature of the K-pop industry.