This study aims at exploring the degree of phonetic similarity between Korean and Japanese vowels in terms of acoustic features by performing the speech production test on Korean speakers and Japanese speakers. For this purpose, the speech of 16 Japanese speakers for Japanese speech data, and the speech of 16 Korean speakers for Korean speech data were utilized. The findings in assessing the degree of the similarity of the 7 nearest equivalents of the Korean and Japanese vowels are as follows: First, Korean /i/ and /e/ turned out to display no significant differences in terms of F1 and F2 with their counterparts, Japanese /i/ and /e/, and the distribution of F1 and F2 of Korean /i/ and /e/ in the distributional map completely overlapped with Japanese /i/ and /e/. Accordingly, Korean /i/ and /e/ were believed to be "identical." Second, Korean /a/, /o/, and /i/ displayed a significant difference in either F1 or F2, but showed a great similarity in distribution of F1 and F2 with Japanese /a/, /o/, and /m/ respectively. Korean /a/ /o/, and /i/, therefore, were categorized as very similar to Japanese vowels. Third, Korean /u/, which has the counterpart /m/ in Japanese, showed a significant difference in both F1 and F2, and only half of the distribution overlapped. Thus, Korean /u/ was analyzed as being a moderately similar vowel to Japanese vowels. Fourth, Korean /${wedge}$/ did not have a close counterpart in Japanese, and was classified as "the least similar vowel."