Dr. Chae was the recipient/co-recipient of the Ministry of Education Award in 2024, the CES Innovation Awards in 2023, the Haedong Scholar Award in 2023, the IEEE ICC Best Demo Award in 2022, the IEEE WCNC Best Demo Award in 2020, the Best Young Engineer Award from the National Academy of Engineering of Korea (NAEK) in 2019, the Outstanding Achievement Award in Education from Yonsei University in 2019, the IEEE DySPAN Best Demo Award in 2018, the IEEE/KICS Journal of Communications Networks Best Paper Award in 2018, the Outstanding Achievement Award (Highly Cited Researcher) from Yonsei University in 2018, the Award of Excellence in Leadership of 100 Leading Core Technologies for Korea 2025 from NAEK in 2017, the Underwood Distinguished Professor Award in 2016, the Outstanding Teaching Award in 2017 from Yonsei University, the Yonam Research Award from LG Yonam Foundation in 2016, the Outstanding Professor Award from IITP in 2016, the Best Young Professor Award from the College of Engineering, Yonsei University in 2015, the IEEE INFOCOM Best Demo Award in 2015, the IEIE/IEEE Joint Award for Young IT Engineer of the Year in 2014, the KICS Haedong Young Scholar Award in 2013, the IEEE Signal Processing Magazine Best Paper Award in 2013, the IEEE ComSoc AP Outstanding Young Researcher Award in 2012, the IEEE VTS Dan. E. Noble Fellowship Award in 2008, three Gold Prizes (1st) in the 14th/19th Humantech Paper Contests, and the KSEA-KUSCO scholarship in 2007. He also received the Korea Government Fellowship (KOSEF) during his Ph.D. studies.