A foot correcting and balancing shoe assembly includes at least one sole unit having an imaginary transverse line dividing the sole unit into front- and rear-half regions. The rear-half region includes left and right rear-half sections, and a heel area spanning rear portions of the left and right rear-half sections. A foot arch correction device is mounted detachably to the sole unit. At least one balancing pad is mounted detachably within the sole unit below the foot arch correction device, and at a predetermined location in at least one of the left and right rear-half sections to maintain foot balance for a user.