Paeksang Arts Awards, also known as Baeksang Arts Awards, is an awards ceremony held annually by IS PLUS Corp., publisher of Ilgan Sports, since 1965. It is to honour outstanding achievements in the South Korean entertainment industry and to garner public attention upon the best in Korean films, television, and theater. It was established by Chang Key-young, founder of the Hankook Ilbo newspaper, whose pen name was "Baeksang." The ceremony is usually presented in April or May in Seoul. The 51st Paeksang Arts Awards ceremony was held at Kyung Hee University's Peace Palace Hall in Seoul on May 26, 2015, and aired on jTBC. It was hosted by Shin Dong-yup, Kim Ah-joong and Joo Won.