Purpose: This research concludes the 110 male and female elderlies who are over 60 years old in C welfare center of G city to examine the effect of self-esteem between leisure activity and life satisfaction. Method: The types of participation leisure consist of 20 questions in five different categories. To measure the value of life satisfaction, the scale of life satisfaction for the elderly which is developed by Choi (1986) is used. The self-esteem was measured by the scale developed by Rosenberg (1965) and translated by Jeon (1974). The data were analyzed by SPSS including frequency, ANOVA, Duncan, Pearson correlation coefficient and multiple regression. Result: There was significant relationship among leisure activity and life satisfaction (r= .410, p= .000), leisure activity and self-esteem (r= .432, p= .000) and life satisfaction and self-esteem (r= .765, p= .000). After testing how leisure activity has effect on the self-esteem, it appears to be 17.9% and after adding life satisfaction it increases to be 59.5%. Conclusion: Synthesizing all following results, there were needed to bepersonal and global effort in many ways to satisfy the economical need of the elderly, and more supports onincreasing participation of the elderly in leisure.