PURPOSES : This study is aimed to economic analysis of the ferronickel slag pavement method carried out to suggest the necessity of developing ferronickel slag pavement technology. METHODS : A life cycle cost analysis of the application of the Ferronickel Slag pavement method and the cutting + overlay pavement method was performed to compare the economic indicators and greenhouse gas emissions for each pavement method. RESULTS : As a result of the analysis, regardless of the Ferronickel Slag mixing rate, if the common performance of the Ferronickel Slag pavement method is the same or superior to the existing pavement method, it is more economical than the existing pavement method. Furthermore, the lower the maintenance cost of the Ferronickel Slag pavement method, the higher the economic feasibility due to the high Ferronickel Slag mixing rate. Greenhouse gas emissions can be reduced from at least 9% to up to 53% through the application of the Ferronickel Slag pavement method, except for some scenario analysis results. CONCLUSIONS : This study provided that the Ferronickel Slag pavement method was superior to the existing pavement method in terms of economic and environmental aspects. Therefore, it was found that the objective justification of developing road pavement technology using Ferronickel Slag was secured.