This study is to test moderating effects of North Korean Refugees’ coping styles in the causal relation between social support and psychological wellbeing and suggest policy implications for helping social adjustment of North Korean Refugees. For this study, 100 North Korean Refugees were sampled and surveyed. The analytical result of this study showed that the degree of psychological wellbeing was highest among the refugees of the entire families migration. Also, this study showed that the causal relationship between social support and psychological wellbeing was not significant, and moderating effects of emotional support and appraisal support were significant, while moderating effects of material support and informative support were not significant. In this study, we suggested some policy implications basing on this analytical results.