A comparative study of interfacial effects due to styrene-butadiene-based triblock copolymer (SEBS) addition and to corona treatment has been investigated for blends of polyethylene (PE) and polystyrene (PS). Blends of PS/PE covering a wide range of weight composition have been prepared in the molten state. Scanning electron microscopy demonstrated that moderate amounts of SEBS copolymer addition (2-5%) resulted in finer particle dispersion and in better interfacial adhesion between PE and PS phases. Tensile strength and elongation at break were also significantly improved. In the case of corona treatment of both polyethylene and polystyrene, the tensile strength of the blends increased while their elongation at break remained almost unchanged. The same trend was found when small amounts of corona-treated blend (5%) were added to the non-modified PS/PE blends. Rheological measurements revealed that corona treatment resulted in a decrease of dynamic shear viscosity of both PE and PS. From a view-point of morphological and mechanical properties, the triblock copolymer was found to be the more efficient modifier. Nevertheless, much higher tensile strengths, but lower elongations at break were obtained when the blends were modified by corona-treated SEBS copolymer. The results suggest that a combination of the two modification methods may be a promising route to enhance performance properties in the immiscible PS/PE system.