The Gyeongju Seokbinggo (Treasure No. 66) is an ice-storing stone warehouse, consisting mainly of alkaligranite which shows milky white color and medium-grained textures with drusy cavities. As results of deterioration assessment, the deterioration rates were determined as crack (12.5%), disjoining (6.7%), breaking-out (25.1%), exfoliation (20.9%), efflorescence (6.5%), brown discoloration (9.8%), darkgray discoloration (2.0%) and biological discoloration (36.5%). Comprehensive physical deterioration rate and discoloration rate were calculated as 43.7% and 68.7%, respectively, that indicates the Seokbinggo has been severely weathered. Indoor relative humidity was above 90% except in winter season. Indoor microclimate was hardly fluctuating although indoor microclimate was dependent on the outdoor climate. The main cause of deterioration was high relative humidity and a long time of wetness due to penetration of rain, underground water and condensation. It was identified that the water brought out biological discoloration, dissolution of minerals, structural movement and efflorescence, and the dust from the ground soil in front of the entrance accelerated brown and dark gray discoloration on the stone surface.