The 2023 Asia Contents Awards & Global OTT Awards, presented by Ministry of Science and ICT and Busan Metropolitan City, took place on October 8, 2023, at BIFF Theater, Busan Cinema Center, Busan, South Korea. The awards ceremony was organized by Busan International Film Festival and Korea Radio Promotion Association, as an event of the 2023 edition of the festival. The Awards ceremony hosted by Kim Kang-woo and Nancy was broadcast live on official YouTube channel and LG U+ u+ Mobile TV channel.

Asia Contents Awards & Global OTT Awards is an awards ceremony organized by Busan International Film Festival and Korea Radio Promotion Association. Formerly known as Asia Contents Awards, it is an annual event inaugurated in 2019. It joined hands with the International OTT Festival, the Ministry of Science and ICT and Busan Metropolitan City in 2023, who co-hosts the event. Rebranding itself as "Asia Contents Awards & Global OTT Awards ", it has expanded its horizon from Asia to the world. It now has 17 award categories including 5 newly added awards. The Awards celebrates 10 awards in competition and 7 awards by invitation such as Lifetime Achievement Award and Rising Star of the Year. Recognising the contribution of the streamers, it presents awards to the OTT service providers also.