Hypotrachyna (Vainio) Hale is a somewhat rare lichen genus found on the Korean Peninsula. Since it was first recorded more than two decades ago, no detailed taxonomic or revisionary study of the genus has been conducted. Thus, the present study was conducted to carry out a detailed taxonomic and revisionary study of Hypotrachyna in South Korea. This study was based on specimens deposited in the Korean Lichen Research Institute (KoLRI). Detailed taxonomic studies and a literature review confirmed the presence of seven species of Hypotrachyna from South Korea, including one new record, Hypotrachyna nodakensis (Asahina) Hale. Descriptions of each species with their morphological, anatomical and chemical characters together with a key to all known Hypotrachyna species are presented.