This paper reviews and analyzes recent research outcomes on Confucian value in contemporary Korean society. The word “Confucianism” arouses ambivalent feeling in Koreans: it is so familiar that it is their mode of living, yet is at the same time so strange that it is hard to define exactly what it is. Confucianism is a source of pride for Koreans and helps to give them an identity, since Koreans are perhaps the only people who keep the ritualistic dimensions of Confucianism alive; yet, it is simultaneously a tradition shared not only with the countries of China, Japan, and Vietnam, but with many other countries throughout the world. Confucianism is the foundation of morality and communal order, but it can also be considered as the cradle of rigidity and coercion. In this paper, I first attempt to delineate how Confucianism is viewed and criticized by academics, popular books, and in the mass media. While academics tend to justify and defend the ills of Confucianism, the general public is more direct and blunt in negating Confucianism as a whole. Secondly, I will analyze the academic responses to such criticism, which I divide into two categories. One type of response distinguishes between the core and the applied aspects of Confucianism, holding the former as fundamental, essential, and unchanging, and the latter as vicarious and prone to distortion. The usual faults of Confucianism fall into the latter category. Only if the core Confucian values had been properly expressed and systematized, would the emergence of chronic problems like autocracy, male chauvinism, gerontocracy, and nepotism have been prevented. The other type of response throws questions at such an essentialist interpretation of Confucianism, claiming that there is no unwavering value that can be applied to all ages. By adopting a relativistic stance on Confucian values, one can be more open and tolerant of other systems of thought and values. Finally, I shall point out the academic tendency to portray Confucian values, whether they are absolute or changing, as something useful and functional in serving some other “greater” or “urgent” purposes. Filial piety and brotherly love, for example, are construed as the basis of mutual benefit and support, the backbone of one’s community and nation. However, what if these values do not bring about any “outcome?” What if one’s action does not result in any fruitful consequences? As a concluding remark, I will probe the intrinsic value of Confucianism—the value of being Confucian despite what result that may bring about. King Shun showed filial piety despite his unloving father. Confucius attempted to persuade the kings, fully knowing that the Way would not prevail. We should recall that Confucian values in themselves never guarantee anything: One may work hard and still not succeed; one may study hard and still not be recognized; one may be frugal for one’s life and still be poor. Yet, one may still be willing to do these things—because the true Confucian value lies not in one’s having, but in one’s being.