Medical mushroom, Phellinus linteus (PL) called as “Sanghwang” has been studied extensively for its extraordinary capacity of suppressing cancer or enhancing body immunity. The mycelial materials of PL have mainly been used as research samples worldwide because its fruiting body was difficult to artificially produce. Alternatively, P. baumii (variety, “Jangsu”) have stably been cultivated in Korea. However, fruiting body morphology of P. baumii is clearly different to that of PL. Of Phellinus isolates collected in Korea, P. linteus, KACC 93057P having features of fast mycelial growth rate was mycologically characterized. This study is to establish artificial cultivation of P. linteus KACC93057P having high mycelial growth rate and to examine bioactive efficacy of its fruiting body. The grain spawn of P linteus KACC93057P was inoculated on oak and mulberry logs (20 cm). The optimum temperature for the mycelial growth was at 25-30°C and growth was optimal at pH 5-7. The mycelial growth of P. linteus was faster than P. baumii and other P. linteus isolates. The mushroom pinning was observed on the 60 days after the inoculation, and fruiting bodies were formed in more than 90% of the logs after 6 months. The productivity fruiting body on the logs was more than 10 times that of the existing P. linteus (Korean Sanhwang). The fruiting bodies showed typical morphologies of P. linteus. The pore shape in basidiocarp is circular with 5-7 per mm, hyphal system is dimity, and basidiospores are ellipsoid. Bioactive efficacy of the fruiting bodies was analyzed by immunoreactivity and antioxidant activity.