This paper is a result of a survey conducted in Korea to assess the Korean elites` perception about the European Union. As part of a multi-national project covering 10 countries in the Asia-Pacific region, this paper summarizes the main findings of the survey gathered in Korea. The main findings of the paper are as follows. First, the European Union is relatively well received in the Korean elite society in general, and Korean elites tend to regard the EU as an equivalent international player as the United States. Second, despite the first finding, the European Union still is seen second to the U.S., especially in the field of international diplomacy and security. In the economic area, however, the Korean elites view the EU as an equivalent power to the U.S. Third, Korea-EU relations are extremely positively evaluated by the Korean elites. All the respondents expect the Korea-EU bilateral relations either to improve substantially or to improve to some extent. We concluded that the perception of the EU in Korea`s elite society is overall positive, and this could be further strengthened in light of the expected launch of the Korea-EU FTA agreement in the near future.