The purpose of this study is to explore the importance of ethical value in higher education as well as the relevance between ethical value and higher education. In order to examine the study logically, three research questions are addressed: First, what is value, ethical value, and Asiatic ethical value? Second, for whom and what is higher education? Last, what is the relevance between Asiatic ethical value and Korean higher education? To defend the research questions, the researcher uses a descriptive content analysis method, with a cross cultural approach. In addition, to review this study clearly and systematically, the study is defined as the following: higher education is limited to contemporary Korean higher education, and ethical value is confined within Asiatic value on the basis of Korean Confucianism. One of research findings of this study is: Asiatic ethical value is regarded as the ethical value affecting Asian people's culture, especially on the basis of Confucian culture, and it is related to the traditional Confucian ethics, whose emphasis on mainly self-cultivation, social harmony, and political righteousness. For future research, it is recommended that the study be undertaken to explore the ethical codes of research as well as the ethical norms of university administration.