This festival is held every year on the occasion of the Day of the Shining Star at the Ice Rink, in Pyongyang.

Ice dancing, figure skating, individual and pair events, free competitions and demonstrations are given.

Attending in the festival are famous Korean players as well as foreign figure skaters who have gotten high scores at the World Figure Skating Championships and Grand Prize International Figure Skating Competitions.

Trophies, medals and certificates are awarded to excellent skaters.