the KBL championship title in the finals. The finals are played in a best-of-seven format. KBL All-Star Game The KBL All-Star Game is held in mid-January every year. The event is usually held in Seoul, except for multiple occasions where it was held outside of Seoul (2007 in Ulsan, 2017 in Busan, and 2021 in Daegu). Based on the 2021–22 All-Star Game format, five players from each of the ten teams are nominated for the All-Star fan vote. Only the top 24 players in the fan vote standings are selected to participate in the All-Star Game. The two players with the most number of votes form their respective teams by recruiting eleven players each, regardless of their original teams. Current clubs Results Finals Titles by club Prize money Champions (Finals winners) KRW 100,000,000 + Trophy (1997–present) Runners-up (Finals losers) KRW 50,000,000 (1997–present) Regular Season 1st place KRW 50,000,000 + Trophy (1997–2005) KRW 100,000,000 + Trophy (2005–present) Regular Season 2nd place KRW 30,000,000 (1997–2005) KRW 50,000,000 (2005–present) Regular Season 3rd place KRW 20,000,000 (1997–2005) KRW 30,000,000 (2005–present) Individual achievements Awards The KBL awards ceremony is held annually at the end of the regular season. As of the 2020–21 season, the following honours are awarded: Most Valuable Player (MVP) Rookie of the Year Foreign Player of the Year Best 5 Defensive Player of the Year Defensive Best 5 Sixth Man Award Skill Development Award Fair Play Award Play of the Season Popularity Award Coach of the Year The awards ceremony takes place at the conclusion of the regular season, before the playoffs begin. The Playoffs MVP is only awarded at the conclusion of the final Championship game. Top scorer Draft Domestic players Domestic players, defined as possessing South Korean citizenship according to FIBA laws, are recruited through an annual rookie draft. The draft was held since 1998. In 2009, an ethnic draft was introduced to allow the recruitment of players who have acquired South Korean nationality, or either of their parents is a Korean. Players recruited through ethnic drafts are waived from being counted as an import player. However, due to the controversial nature of the recruitment rules and the backlash, the ethnic draft was eventually abolished in 2013. Import players From 2018, all teams are allowed to freely select their import players, subject to a "two-import" quota per team and a salary cap of $700,000. Only one foreign player is allowed