ABSTRACT Contemporary Korean hip-hop has made its way into the mainstream of youth culture, and Korea’s hip-hop scene has emerged as a significant social space in which the voices of the young generation resonate vividly. When compared with the rest of their cohort, emblematized as the so-called ‘Give-up Generation’, the optimism of rappers provides a fascinating subject for exploration. In order to answer the question of why young Korean rappers profess their dreams in the age of no-hope, we interviewed six underground rappers, delving particularly into the following two themes. First is the inquiry into the rappers’ logic of hip-hop practices, under the conceptual rubric of ‘remaking authenticity’. We found that by inventing their own figurative ghettos and symbolically becoming black, they actively reinvent Korean hip-hop authenticity. Second is the inquiry into the principle of their practices. Our findings show that the fundamental motor force which drives them consists of their aspiration for a better future. The dreams of these rappers derive from three distinct sources. The first source is the illusio (Bourdieu) of the Korean hip-hop field; the second source is the musical form of hip-hop itself; the final source is the communities of dreamers to which the rappers belong.