Distinguished Professor of Management, University of Nebraska-Lincoln, NE 68588-0491, U.S.A.** Professor of Operations Management, Kyonggi University, Suwon, Korea, 442-760攀攀During the past two decades, entrepreneurship has become one of the mainstream business disciplines in the United States. Since the recent financial crisis in Asia, dotcom phenomenon, the exploding e-business around the globe, and new business opportunities being created by new advances in information and telecommunication technologies have widely popularized entrepreneurship for new venture creation. While entrepreneurship is becoming popular around the world, its education in each country is different based on its cultural context. This paper presents the results of an entrepreneurship study on the pedagogical effects of entrepreneurial education in the U.S. and Korea.