Asian Cinema Night will be held in Chopra's honour at the upcoming 14th annual event, held in South Korea.
The 76 year old made his directorial debut in 1959 with Dhool ka phool (Blossom in the Dust).
The Yash Raj Films founder has produced, written and directed celebrated films including Waqt, Deewar, Kabhi Kabhie, Lamhe, Darr, Dil To Pagal Hai, and Veer-Zaara.
Previous recipients of the Asian filmmaker of the year award include Iranian director Mohsen Makhmalbaf, Taiwan's Hou Hsiao-Hsien and Edward Yang, Hong Kong's Andy Lau, and Kazakhstan's Gulnara Sarsenova.
The festival is scheduled to run from 8 to 16 October (09).