This study examines the relationship between Hallyu (the Korean Wave), multiculturalism, and diasporic belonging in contemporary Canada. While previous studies have primarily focused on the global expansion of Korean popular culture or the economic dimensions of cultural exports, relatively little attention has been paid to how Hallyu interacts with multicultural policy environments and contributes to identity formation among diasporic communities. Drawing on theories of cultural globalization, multiculturalism, and diaspora, this study investigates how Korean popular culture is received within Canada’s multicultural context and how it shapes cultural visibility and belonging among Korean Canadians. The study employs a qualitative content analysis of multiple secondary sources, including the 2023 Overseas Hallyu Survey, the Hallyu White Paper 2023, Canadian multiculturalism documents, and relevant scholarly literature. Particular attention is given to patterns of Hallyu consumption, cultural representation, and diasporic identity formation. The findings indicate that Korean popular culture has become an increasingly visible component of Canadian multicultural life. Survey data show substantial engagement with Korean cultural content, particularly Korean food, K-pop, and Korean dramas. The study further suggests that Hallyu functions not only as entertainment but also as a form of cultural mediation that enhances intercultural understanding, strengthens diasporic belonging, and increases the visibility of Korean Canadian experiences. Moreover, Canada’s multicultural framework appears to facilitate the acceptance and normalization of Korean cultural products. The study concludes that Hallyu contributes to multicultural participation, diasporic identity formation, and Canada–Asia-Pacific cultural exchange, demonstrating the broader social significance of Korean popular culture in contemporary Canada.