Archaeological waterlogged woods require a process of dimensional stabilization for their conservation. PEG is the most widely used in the conservation of archaeological waterlogged wood. One of the easiest and commonly used methods is the impregnation of 40% polyethylene glycol followed by vacuum freeze drying. However, the waste fluid produced from the PEG treatment is black in color and has a severe odor due to the organic matter extracted from the wood. Thus It cannot be recycled and it was just thrown out. Color of waste fluid can be decolored with oxidation reaction by hydrogen peroxide. Properties of PEG before and after preservation treatment, and after oxidation with $H_2O_2$ were not changed. Dimensional stability of archaeological waterlogged Salix koreensis Andersson was studied with pure or recycled PEG. The ratio of impregnation solutions were 10:0, 7:3, 5:5, 3:7, 0:10 (pure PEG : recycled PEG). Impregnation process was carried out by putting the wood specimens 10% PEG solution for 5days, 20% for 5 days, 30% for 5 days finally 40% for 5 days. All of the specimens showed the weight change rate of 25%. SEM results provided that the dimensional change of were less than 4% PEG impregnated specimens. Comparing with pure PEG impregnation system, conservation precess mixed PEG also showed no significant changes. Conclusively, the recycled PEG can be used for archeological waterlogged wood conservation precess.