Hyangga, the Korean classical poetry of Shilla dynasty, holds high poetic lyricism and excellent aesthetic value. So, hyangga has been sung and parodied beyond time and space by many Korean. Especially, such Poets as Jungjoo Suh, Heejin Park, Jechun Park, and Suksan Yoon transformed hyangga -Ch`oˇyong-ga, Jemangmae-ga, Dosol-ga, Woˇnwangsaeng-ga, Ujoˇk-ga into modern poetry, and obtained excellent results. This study focused on two points. One is how those poets received and succeeded the tradition of hyangga. Another is what the significance and results of the transformation is. Those poetry were some success in the modernization and reinterpretaion of the hyangga`s tradition. Some of them is an admirable writings, and its literariness is very high. But they didn`t understand completely hyangga text and the context of historical and sociocultural background. Parody starts from the thorough understanding to the original work. So, the parody or transformation of hyangga should composed after complete understanding to the text and context of that.