MicroRNA-<em>1</em>22 (miR-<em>1</em>22), a highly abundant and liver-specific miRNA, acts as a tumor suppressor against hepatocellular carcinoma (HCC). Decreased expression of miR-<em>1</em>22 in HCC is frequently observed and is associated with poor <em>differentiation</em>, larger tumor size, metastasis and invasion, and poor prognosis. Mutant mice with knockout (KO) of the miR-<em>1</em>22 locus developed steatohepatitis due to increased triglyceride (TG) synthesis and decreased TG secretion from hepatocytes, and eventually developed HCC. Exogenic miR-<em>1</em>22 introduction into miR-<em>1</em>22 KO mice inhibited the development of HCC. Target genes of miR-<em>1</em>22, including cyclin G<em>1</em>, a disintegrin and metalloprotease (ADAM)<em>1</em>0, serum response <em>factor</em>, insulin-like <em>growth</em> <em>factor</em>-<em>1</em> receptor, ADAM<em>1</em>7, transcription <em>factor</em> CUTL<em>1</em>, the <em>embryonic</em> isoform of pyruvate kinase (Pkm2), Wnt<em>1</em>, pituitary tumor-transforming gene <em>1</em> binding <em>factor</em>, Cut-like homeobox <em>1</em>, and c-myc, are involved in hepatocarcinogenesis, epithelial mesenchymal transition, and angiogenesis. MiR-<em>1</em>22 expression is regulated by liver-enriched transcription <em>factors</em> such as hepatocyte nuclear <em>factor</em> (HNF)<em>1</em>α, HNF3β, HNF4α, HNF6, and CCAAT/enhancer-binding protein (C/EBP)α. A positive feedback loop exists between C/EBPα and miR-<em>1</em>22 and between HNF6 and miR-<em>1</em>22, whereas a negative feedback loop exists between c-myc and miR-<em>1</em>22. Since cotreatment of 5-Aza-Cd and histone deacetylase inhibitor restored miR-<em>1</em>22 expression in HCC cells, epigenetic modulation of miR-<em>1</em>22 expression is involved in the suppression of miR-<em>1</em>22 in HCC. Several experiments suggest that increasing miR-<em>1</em>22 levels in HCC with or without antitumor agents may be a promising strategy for HCC treatment.