The purposes of the research are to understand the theoretical background of concept, area, range of value and to estimate what the university students have their sense of value, and finally to analyze what they have been thinking of the sense of value itself. By the stratified random sampling method, 1,025 students were selected among 10,993 students of Keimyung University, and the major subject dealt with in the research is to find out the sense of value of university students through its six areas-social, political, economic, family, ethical, and religious. The results of the research are as follows: 1. University students are likely to follow the western fashion but they want more to keep their traditional ideas of value before they follow the materialism and the western drift of the times. 2. They think that selfish individualism and distrust must be thrown away, but they show negative attitude against distrust rather than individualism. 3. They are interested in a righteous masscommunication which can give them the freedom of speech. 4. In a view of national security they show a strong demand of conversation between north and south Korea and they also think the political security must be led by the leader who had a strong and sound mind. 5. They emphasize their strong will on their native land. 6. They show not only they have a prejudice against occupations but they think the job is a means of earning. 7. They wish to make alean sweep of the injustice and the corrupt elements. The enterprises should guarantee labor’s right and welfare, and most women are indifferent in social economy. 8. They agree to have a nuclear family but really, and they also wish that children’s privacy must not be vidlated. 9. The educational administration must be improved. 10. Happiness cannot be bought with money. 11. They believe that the traditional filial piety has been changing and loyalty must be respectful. 12. To follow the law is due to one's own mind and the conscience is not the only way to live in. 13. The time is not quite ripe for sexual liberation and furthermore women are more conservative than men. 14. They generally believe in not only new life after death but paganism, and women are more interested in religion than men.