This study was done in an effort to evaluate the possibility of recyclability of moisture-proof paper. Because it is difficult to recycle laminated moisture-proof paper, a mixture of styrene-butadiene latex(SB latex) and wax emulsion was used as moisture-proof paper chemicals. A bar coater was applied to make moisture-proof paper and the coated weight was 17 g/$m^2$. The mixing ratios of SB latex to wax emulsion were 85 : 15, 87 : 13, and 90 : 10, respectively. It was observed that the moisture-proof paper treated with SB latex and wax emulsion at the appropriate ratio could be recycled effectively. The moisture-proof paper was similar to base paper in degree of pulping, and there was no significant difference in dispersion between moisture-proof paper and base paper. Most of wax particle which caused the spots during drying process could be removed by flotation process. Tensile strength and tear strength of handsheets made of both moisture-proof paper and base paper after pulping was measured to examine the fiber bonding and no significant difference in mechanical properties was observed.