Two species of squat lobsters, Raymunida formosanus Lin, Chan and Chu, 2004 and Raymunida lineata Osawa, 2005, are newly added to the Korean decapod fauna. The genus Raymunida Macpherson and Machordom, 2000 is also reported for the first time in Korea. It differs morphologically from other Korean genera, Munida and Paramunida, in having the first to third pereopods with epipods and the carpus of the third maxilliped with a distal spine on flexor margin. Illustrations and pictures of these two species are provided with descriptions, and the key to the species of Korean Munidids is also provided.