Context. Morphology is the most accessible tracer of galaxies physical structure, but its interpretation in the framework of galaxy evolution still remains problematic. Its quantification at high redshift requires deep high-angular resolution imaging, which is why space data (HST) are usually employed. At z > 1, the HST visible cameras however probe the UV flux, which is dominated by the emission of young stars, which could bias the estimated morphologies towards late-type systems. Aims. In this paper we quantify the effects of this morphological k-correction at 1 < z < 2 by comparing morphologies measured in the K and I-bands in the COSMOS area. The Ks-band data indeed have the advantage of probing old stellar populations in the rest fr...