The Kambara reactor (KR) slag, which is a byproduct generated in the preliminary treatment process of molten iron by a KR mechanical stirring process, is composed of Ca(OH)2, CaCO3 and 2CaO・SiO2. It was confirmed that the alkali stimulus of Ca(OH)2 contained in the KR slag could cause a cement-free binder to harden. However, the strength performance of a GGBFS-based cement-free binder mixed with only the KR slag was very low. The gypsum (CaSO4) is additionally used in order to enhance the strength performance of the GGBFS-KR slag binder. The result showed that the 28-day compressive strength of the GGBFS-KR slag-gypsum binder (GKGB) concrete was similar to that of slag cement. On the other hand, compared to those of slag cement, the drying shrinkage was shown to be 121.8?129.0%, and the cumulate porosity was shown to be 190?208%. These results imply that ettringite, which is a main hydrate of GKGB, is thick and provides the structural stability by forming a frame structure. However, the thicker ettringite, the more pores may be created. In other words, high amounts of ettringite form a porous structure, which has many micro pores so that the porosity and absorption become higher, leading to higher drying shrinkage.