The purpose of this study is to analyze the impact of reading on self-efficacy and multicultural acceptance. The Korean Education and Employment Pannel II data were used for the analysis. Through analyzing the data with latent growth model, the growth trajectories for reading, self-efficacy, and multicultural acceptance were identified, and the relationship between three variances were analyzed using multi-variate latent growth model. As results, reading books, self-efficacy, and multicultural acceptance were decreased, as times go by. Next, the intercept of reading was postively related with self-efficacy and multicultural acceptance. Finally, self-efficacy mediated between the intercept of reading and the multicultural acceptance, and it’s statistically significant.