A new chestnut cultivar, “Mipung” was released from Korean native chestnut trees by chestnut laboratory of the Korea Forest Research Institute (KFRI) in 2006. This cultivar was selected first from a natural population in 1984, and the preliminary, advanced, and regional yield trials for evaluation were carried out from 1985 to 2005. “Mipung” is a late-ripening cultivar, and its optimal ripening date is late September. It has good nut quality for eating raw and processing. Its average nut weight is 27.3 g, much heavier than that of the check cultivar, “Arima”. It had also been identified to have resistance to chestnut blight disease and chestnut gall wasp threatening to chestnut trees. The average yield of 8 year-old “Mipung” was 8.8kg per tree, which was superior to that of “Arima”.