A core-setting apparatus and a method for setting the core in a lower mold used in a molding apparatus, wherein the core-setting apparatus has a simple structure and can maintain the core in the mold in a highly accurate position. The core-setting apparatus to set a core in the lower mold while the upper and the lower mold and a match plate are separated from each other after molding the upper and lower mold in a cope and drag flask includes a handling tool having a holding device and a rotatable rod, wherein the handling tool is rotatably supported by the rod, a carrier for transferring the handling tool, wherein the carrier supports the rotatable rod and is moved to or from a location above the lower mold, and an actuator for lowering and lifting the cope flask together with the carrier and the handling tool which are located above the drag flask, the actuator being mounted on the main body of the molding apparatus.