The parking brake embedded in track driving motor for driving an excavator is composed of wet type multi-friction discs. This type parking brake can be designed more compact because the combination of some sheets of friction discs generate great braking power, and also it has good braking characteristic and long life time because it works in the oil. In this study, we analyzed torque characteristic of the parking brake through simulations and performed experiments by use of 3-kinds of paper friction sheet manufactured by different pressing methods. And, we compared the maximum static friction coefficient and torque characteristic with the simulation results and confirmed the optimal manufacturing process through this result.