This study examines the issues and problems of hatred, currently emerging all over the globe. Especially, we analyzed the discourse of hatred in South Korea in the context of neoliberalism. In so doing, this study examines the political, social and cultural background in which such discourses of hatred are produced by focusing on the cases of 'Ilbe' and 'Megalia', two Korean online community sites. First, we examined the effect of globalization under the neoliberal system through the precedent studies for analysis. We also looked at how the economic crisis relates to the discourse of hatred in this period. For this, we analyzed the ‘Ilbe' and 'Megalia', known for controversial online community sites, actively creating the discourse of hatred today. In terms of a methodological consideration, we utilized Norman Fairclough's critical discourse analysis in analyzing the posts and comments of 'Ilbe' and 'Megalia' sites. Users of 'Ilbe' and 'Megalia' sites were expressing their undue anxiety through hate speeches about their unstable economic and social status under the neoliberal system. The discourse of hatred or patterns of hate speeches shows a certain tendency that critical social and structural contradictions arising from the neoliberal economic system were trivialized and/or privatized, and tends to expand an extreme and distorted form of identity politics.