| Season: | 1987 |
| Winners: | Daewoo Royals (2nd title) |
| Continentalcup1: | Asian Club Championship |
| Continentalcup1 Qualifiers: | Withdrew |
| Matches: | 80 |
| Total Goals: | 199 |
| Best Player: | Chung Hae-won |
| League Topscorer: | Choi Sang-kook (15 goals) |
| Best Goalkeeper: | Cho Byung-deuk |
| Prevseason: | 1986 |
| Nextseason: | 1988 |
The 1987 Korean Professional Football League was the fifth season of the K League. Before the start of this season, the Korean Professional Football Committee was separated from the Korea Football Association. A total of 5 professional teams participated in the league. Hanil Bank withdrew the league from this season. It began on 28 March and ended on 8 November 1987. It was operated with the home and away system for the first time.
| Rank | Scorer | Club | Goals | Apps | |
|---|---|---|---|---|---|
| 1 |  Choi Sang-kook | POSCO Atoms | 15 | 30 | |
| 2 | Lee Heung-sil | POSCO Atoms | 12 | 29 | |
| Noh Soo-jin | Yukong Elephants | 30 | |||
| 4 | Kim Joo-sung | Daewoo Royals | 10 | 28 | |
| 5 | Kim Hong-woon | POSCO Atoms | 9 | 26 | |
| 6 | Lee Sang-cheol | Hyundai Horang-i | 8 | 28 | |
| 7 | Park Hang-seo | Lucky-Goldstar Hwangso | 7 | 28 |
| Award | Winner | Club | |
|---|---|---|---|
| Most Valuable Player | Chung Hae-won | Daewoo Royals | |
| Top goalscorer | Choi Sang-kook | POSCO Atoms | |
| Top assist provider | Choi Sang-kook | POSCO Atoms | |
| Rookie of the Year | Kim Joo-sung | Daewoo Royals | |
| Manager of the Year | Lee Cha-man | Daewoo Royals | |
| Best Goalkeeper | Cho Byung-deuk | POSCO Atoms | |
| Fighting Spirit Award | Choi Ki-bong | Yukong Elephants | |
| Exemplary Award | Park No-bong | Daewoo Royals | |
| Best Referee | Park Kyung-in | — |