The effect of processing and designing variables such as pouring temperature(1400 or $1500^{circ}C$), inoculation and risering design(T and H type) on the formation of defects such as external depression, primary and secondary shrinkage cavities in GC150 gray cast iron was investigated. In T type risering design, external depression or primary shrinkage cavity due to liquid contraction was formed in all of the eight cases. Regardless of its modulus value, the riser could not function properly in T type risering design because directional solidification was not promoted toward the riser. On the other hand, the four cases of H type risering design in which thermal sleeves were set onto the risers produced defect-free castings. In both types of the risering designs, secondary shrinkage cavity caused by solidification contraction was not observed in the casting because of the expansion pressure due to graphite precipitation and the application of rigid pep-set mold. The degree of external depression or primary shrinkage cavity was reduced with lowered pouring temperature. The effect of inoculation was diminished because of the high carbon equivalent of GC 150 gray cast iron.