The purpose of this article is to examine why a university should teach happiness and wisdom from religious perspectives. To explore this paper systematically, three research questions are addressed. First, why higher education institutions should teach happiness? Second, why higher education institutions should teach wisdom? Third, how ethical approaches may be handled systematically in Korean higher education for teaching happiness and wisdom? To defend the questions, the researcher uses a descriptive analysis method, with a cross cultural approach. The limitations and procedures of this study are as follows. This study is focused on happiness and wisdom in the Bible of Christianity and the Sutras of Buddhism, especially the Proverbs in the Old Testament and the Dhammapada in the Buddhist Sutras. And then, contemporary Korean higher education is limited to discuss about teaching happiness and wisdom. One of research findings of this study is: the policy makers and administrators of Korean higher education should consider planning a new curriculum centered on ethical or moral education as well as oriented on highly scientific technology or knowledge to overcome barriers and difficulties in the Fourth Industrial Revolution Age. For future study, it is recommended that this study be undertaken to explore the merits of sages' teaching in the classics or religious scriptures of the East and the West.