The goal of this research is to explore the relationship between National Cultural Identity, State Pride, Multicultural Consciousness and Korean-wave Cognition of the high school students in China. For this purpose, a survey questionnaire was given to 400 students from five high schools located in Shanghai City. The collected data was analyzed through SPSS 22.0 which applied Frequency Analysis, Correlation Analysis, Multiple Regression Analysis and Sobel-test. The results indicate the following findings. First, the grades, living-abroad experience and national cultural identity had a significant influence on multicultural consciousness. Secondly, the gender, grades, academic achievement, living-abroad experience, national cultural identity and multicultural consciousness were meaningfully correlated with Korean-wave cognition(drama, movie). Thirdly, the gender, living-abroad experience, national cultural identity and multicultural consciousness were meaningfully correlated with Korean-wave cognition(k-pop). Fourthly, the living-abroad experience and multicultural consciousness were meaningfully correlated with Korean-wave cognition(internet game, Korean food). Lastly, multicultural consciousness had an indirect effect on the relationship between national cultural identity and Korean-wave cognition(drama, movie and k-pop).