The article reviews the results of the study on the interaction of values and socioeconomic views of Korean and Russian students. The theoretical basis for the research is the works by Russian and foreign authors in social, economic and cross-cultural psychology, as well as in institutional and behavioral economy. The theory of individual values by S. Schwartz was used for the study on values (Schwartz et al., 2012), as well as some works on interaction of culture and econ