The shrinkproof-finished wool fibers treated with resin coating and chlorination methods were used to find out an optimal shrinkproof finishing method keeping the quality properties of wool fabric to manufacturers. Shrinkage during repeated washing, electrostatic propensity, thermal resistance and pilling propensity of shrinkproof-finished wool knits, and analysis of finishing methods were measured. Upon the results from the surface examination of shrinkproof-finished wool fibers, the patterns of scale layer and degree of scale removal were subject to change according to the finishing processes. The shrink resistance was significantly enhanced on repeated washing of shrinkproof-finished knits, especially, chlorinated wool. Addition of strong physical force and alkali detergent applied in this washing experiment brought about superior effects with the low shrinkage rate although it was very severe washing conditions for wool fabrics. The results from the washing experiment implies that shrinkproof-finished knitted fabrics can be machine washed at individual households with other ordinary laundry. There was some changes and variation found in thermal resistance, electrostatic propensity, and pilling, however, it seems to be minor within standard limits. Therefore, shrinkproof-finished knitted fabrics did not bring serious changes to other physical properties comparing with original wool, which helps consumers handle wool knitted clothes more conveniently.