This study investigates leaching and thermal treatment characteristics of mercury in waste phosphor powder from UV lamp for industrial use. Waste phosphor powder contaminated with mercury compounds requires proper treatment for final disposal. A sequential extraction procedure was conducted in order to estimate the stability of mercury compounds in waste phosphor powder. The fraction of mercury compounds leached in initial steps by ion-exchangeable and low acidic solutions was 62%, which would be unstable. Finally 36% of mercury compounds was left as a strongly stable form before last step of acid digestion by aqua regia. Mercury was decomposed rapidly during initial period in thermal treatment. However, the decomposition rate reached in steady later. Correlation of mercury content in residues with concentration of leaching extract was attempted in order to set a thermal treatment condition. When mercury content in residue of phosphor powder could be lowed up to about 13 mg-Hg/kg by thermally with satisfying the Korean leaching standard limit of 0.005 mg-Hg/L.