PURPOSE: This research was designed to develop an instrument that can be used for measuring of the quality of life for the elderly in Korea. METHOD: Subjects were 2,110 aged people, residing in Seoul and Kyeungi-Do. In developing this instrument, the researcher first established a conceptual framework based on the literature review and interview and open questionnaire. The collected data were analyzed using the SPSS-WIN program. For the component factors of the measuring instrument, a factor analysis method and item analysis was used. The reliability of the scale was tested by Cronbach's alpha. RESULT: 1) The results of the analysis of the 32 items making up the instrument were classified into the following 4 factors: life stability, easy of resource utility, health and affection in family, establishment of support- base. 2) The reliability of the instrument for the quality of life was 0.952 (Cronbach's alpha). In the factor analysis Cronbach's alpha correlations for the 4 factors ranged from 0.736 to 0.949. CONCLUSION: This scale could be adequately applied in assessing the quality of life for the elderly in Korea. And the results of this scale in a study can contribute to the promotion of quality of life for the elderly.