Inconel 617 is a candidate tube material for high temperature gas-cooled reactors(HTGR). The microstructure and mechanical properties of Inconel 617 were studied after exposure at high temperature($1050^{circ}C$). The dominant oxide layer was Cr-oxide. The internal oxide and Cr-depleted region were observed below the Cr-oxide layer. The depth of Cr-depleted zone and internal oxide increased with exposure time. The major phases of carbides are $M_{23}C_6;and;M_6C$. The composition of $M_{23}C_6;and;M_6C$ were determined to be Cr-rich and Mo-rich, respectively. $M_6C$ carbide is more stable than $M_{23}C_6$ at high temperature. From the results of high temperature compression test, there were no significant changes in hardness and yield strength upon increasing exposure time.