The present invention relates to a shoe with a ventilating opening. The shoe includes an upper part having a through hole and an inner part with a path hole, and a shoe sole mounted to the upper part and having both an air passage and an air channel communicating with each other. An elastic unit is provided on a lower surface of the shoe sole by being projected downward while longitudinally extending to correspond to the air passage. An air circulation unit is provided at the front part of the shoe sole to be attached to a front end of the upper part, with an air circulation path provided in the air circulation unit to communicate with both an air inlet and the air channel. Thus, fresh air is introduced into the shoe.