Activated carbon was prepared from waste citrus peels by chemical activation with ZnCl2. The optimal condition of carbonization was at 300℃ for 1.5 hr. Activation experiments with carbonized samples prepared at optimal carboniztion condition were carried out under various conditions such as activation temperature of 400 to 900℃, activation time of 0.5 to 2.0 hr, and ZnCl2 ratio of 100 to 300%. In order to investigate the physical properties of the activated carbons prepared, iodine adsorptivities and specific surface areas were measured and their morphologies were observed from scanning electron microscopy. As ZnCl2 ratio increased, activation yield decreased, while iodine adsorptivity and specific surface area increased. The optimal condition of activation was at 300% ZnCl2 ratio and 300℃ for 1.5 hr, and then iodine adsorptivity and specific surface area was measured as about 862 mg/g and 756 m2/g, respectively. SEM photography showed that the surface morphology was changed and many active pore were produced by chemical activation.