This study aims to investigate how multicultural aspects are dealt with in current elementary English textbooks. The cover pages, dialogues, main readings, and culture sections of a total of 10 elementary English textbooks for 5th and 6th graders were closely examined in terms of (1) the races and genders of the characters, (2) the cultural backgrounds of the contents, and (3) Bennett’s (2010) core values of multicultural education. The results revealed that each gender was equally represented and the textbooks present diverse cultural backgrounds in a balanced way. It was found, however, that there was an imbalance in terms of racial backgrounds. With respect to the core values of multicultural education, acceptance and appreciation of cultural diversity, and respect for human dignity and universal human rights were the top two values that appeared most frequently throughout the textbooks. Responsibility to a world community was the value that was comparatively hard to find in them. Detailed findings are discussed in greater depth, along with implications for elementary English education in Korea.