This paper investigates the relationships between economic and/or value determinants and political trust using the 1985 Public Opinion Study for National Development in Korea conducted by the Korea Institute of Social Studies (KISS). Also examined are the relative effects of perceived personal financial situations and macro/collective economic conditions on levels of political trust to distinguish which one is more important in determining political trust in Korea. Results indicate that the trust in the political institutions and government performance depends on both personal financial security and national economic conditions. Equally important is the perception of how people think they have been treated. If Koreans perceive that they are being treated unfairly, they are likely to form, negative attitudes towards politics. We also found that, regardless of which party Koreans favor, if the government does not stabilize the economy, they do not hesitate to withdraw their support from it.