The purpose of this research is to examine perceptions relating to elderly people amongst university students in Korea and Japan. Students' perceptions were measured using a questionnaire and analyzed using the SD method. The questionnaire was structured to elicit types of perceptions held relating to elderly people and to obtain information regarding stereotypes young people hold about elderly people. In positive terms, both Korean and Japanese university students regard elderly people as“experienced”, “worthy of respect”, “wise”, and “elegant”, however, in negative terms, both groups of students also consider elderly people to be “slow” and “leisured”. Students' perceptions regarding elderly people as “conservative” and “unsociable” showed a significant degree of variation. Overall, it can be seen that university students from both countries have similar perspectives on elderly people.