Sexual maturity and growth characteristics of Octopus minor were investigated in 796 individuals from mud flats in Goorori, Muan-Goon, Korea. Gonadosomatic index (GSI) peaked between June and July in females and between November and January in males. The discrepancy in the index peaks between females and males might result from the earlier sexual maturation of males. The sex ratio was biased toward females (68%) in April and toward males (78%) in September, although the differences were not significant (p>0.05). In females, about 50% of individuals with a mantle length of 70.6 mm were sexually mature versus 100% of individuals with mantle lengths over 80 mm. In females, fecundity was also related to size, ranging from 44 eggs in individuals with a mantle length of 54 mm to 179 eggs in the female with a mantle length of 100.5 mm. The relationship between mantle length (ML) an body weight (BW) was BW=0.008 ML$^{2.2797}$ (n=389, r$^2$=0.83, p<0.01) in males and BW=0.029 ML$^{2.2797}$ (n=407, r$^2$=0.74, p<0.01) in females. Analysis of co-variation showed that the difference in the slopes of the two regression lines was significant (p<0.01). Analysis of mantle length-frequency for each month revealed 1 to 3 normal distribution modes. The growth parameters obtained by fitting the modal progression to the seasonalized von Bertalanffy growth function (VBGF) were ML$infty$= 112.38 mm, K=1.9, C=0.90, and WP=0.1. The results indicate that the seasonal growth oscillation of the stock is very strong and winter is the season when growth is the slowest.