The youngest of film awards for Asian cinema (they have quite a few) is the Asian Film Awards which are now in their 8th year. Unlike the prestigious Golden Horse which (mostly) goes to Chinese language cinema, these encompass just about anything Asian: Japan, China, India, South Korea, The Phillipines and so on. Their best picture nominees this year:
The near misses, we assume, are Ilo Ilo from Singapore (Oscar submission last year) and Hirokazu Koreeda's Like Father Like Son from Japan (the one Spielberg might remake) since they did well with nomination tallies in major categories. If you're interested you should look at their official site because they smartly include photos of everyone - you can even see what the cinematographers, editors and costume designers look like.