The purpose of this study is to evaluate the bond strength and corrosion resistance of coated reinforcing bar using hybrid-type polymer cement slurry(PCS). PCS coated steels, which is made from two types of polymer dispersions such as St/BA and EVA are prepared, and tested for bond strength and various corrosion resistances such as autoclaved cure, carbonation and H2SO4 solution. From the test results, the bond strength of PCS coated reinforcing bar using ordinary portland cement at 1-5, 2-1 and 4-5 of mixes is higher than that of uncoated regular steel. However, bond strength of almost PCS coated reinforcing bars using ultra rapid high strength cement is higher than that of epoxy coated bar, is also in ranges of 102% to 123% compared to that of uncoated regular steel. In autoclaved accelerating test, the ratio of corrosion of uncoated regular steel is increased with the increase in NaCl content, but the corrosion of PCS coated steel was very small. In the acceleration test for carbonation, increasing the amount of NaCl the corrosion of coated steel did not produce. The corrosion of uncoated regular steel is increased with the increase in the amount of NaCl. It can be seen that the NaCl following the acceleration test for carbonation can lower the corrosion resistance of concrete. As a result, the corrosion of steel largely is affected by the acceleration curing, chloride ion penetration and carbonation and shown more severe corrosion by applying complex factors. These corrosions of steel can be suppressed by the coating of PCS.