The goal of text categorization is to classify documents into a certain number of pre-defined categories. The previous studies in this area have used a large number of labeled training documents for supervised learning. One problem is that it is difficult to create the labeled training documents. While it is easy to collect the unlabeled documents, it is not so easy to manually categorize them for creating training documents. In this paper, we propose a new text categorization method based on semi-supervised learning. The proposed method uses only unlabeled documents and keywords of each category, and it automatically constructs training data from them. Then a text classifier learns with them and classifies text documents. The proposed method shows a similar degree of performance, compared with the traditional supervised teaming methods. Therefore, this method can be used in the areas where low-cost text categorization is needed. It can also be used for creating labeled training documents.