The purpose of this research was to identify causes of damage of wax-treated volume of "The Annals of the Joseon Dynasty". As one of the efficient restoration methods, analyses of damaged state of reproduced wax-treated paper through tests of degradation of wax-treated paper under an artificial setting were performed, and in particular, differences between lightness and acidity were observed. On the whole, it was confirmed that yellow wax-treated papers were more stable than white wax-treated papers against artificial aging treatment, which is thought to be because the white wax-treated paper was more affected by a variety of substances interacting with paper than yellow wax-treated paper under artificially aged conditions, which were added in the course of refinement and processing operation such as decolorization and deodorization.