This paper critically reviewed the literature on institutional theory published in major Korean management journals and suggested future research directions. To do this, I compared recent research trends in American journals and Korean journals. To capture recent global research trends, I reviewed the literature on institutional theory published in Academy of Management Review, Academy of Management Journal, Organization Science, Administrative Science Quarterly, American Sociological Review, and American Journal of Sociology from 2011 onwards. I also reviewed the literature on institutional theory published in 5 major Korean management journals; Korean Management Review, Korean Business Review, Korean Journal of Management, Journal of Organization and Management, and Journal of Strategic Management. Among macro-organizational theories, institutional theory has received the greatest attention by Korean scholars. About 16% of macro-organizational research papers published in 3 major Korean management journals investigated institutional theory. However, most papers examined the diffusion of management practices or specific strategies and a few studies investigated institutional decoupling. Though studies on institutional logics, institutional entrepreneurship, and microfoundations of institutional theory have been flourished in American major journals, studies on those topics in Korea are very rare. Based on the comparison, this study calls for future researches on those themes. Especially, this study suggests that research on institutional logics and institutional entrepreneurship can provide unique contributions to institutional theory, since institutional environments of Korea differ substantially from those of Western countries.