This study was to identify the mediating effect of hope between stress coping and psychological wellbeing of women immigrants. The data for the study were collected from 592 women immigrants in 10 cities and provinces of Korea. First, it was found that the women immigrants used approach coping more than avoidance coping, and the level of hope and positive wellbeing scored above the middle point. Second, approach coping was positively correlated with hope and positive wellbeing, but avoidance coping was positively correlated with negative wellbeing. Third, the mediating effect of hope between approach coping and positive wellbeing was testified. Finally, the mediating effect of hope between approach coping and negative wellbeing was also testified.