In 2017, IU was one of the most nominated and awarded acts at the 9th Melon Music Awards, winning three out of six nominations, including Album of the Year, Top 10 Artists, and the Best Songwriter Award at the 7th Gaon Chart Music Awards.
She was nominated in seven categories winning five, including Lyricist of the Year and Producer of the Year for her third Korean album Palette. The singer also won Best Pop Album for Palette respectively at the 15th Korean Music Awards.
She has been honored the Prime Minister's Commendation in 2015 by the Ministry of Culture, Sports and Tourism for her work as a musician and was recognized as a style icon by the Style Icon Awards in 2008 and 2011, respectively.