The KIM Jiseok Award, newly established in 2017, is to remember and honor the late KIM Ji-seok who devoted his whole life to discovering and supporting the growth of Asian cinema. The award is given to the films in the competition category for the Korean and Asian directors who has directed more than 3 feature films, and two best films are selected and awarded a cash prize of USD 10,000 each sponsored by BIFF Supporters Associaton.