Stabilized polyacrylonitrile (PAN) fibers can be transformed into quasi-carbon fibers with different properties depending on heat-treatment processing parameters at lower temperatures than temperature for the fabrication of carbon fibers. It has been investigated from the preliminary work that appropriate quasi-carbonization processes at about 1100℃ strongly influence various properties of quasi-carbon fiber/polymer composite as well as quasi-carbon fiber itself. The objective of the present work is to prepare quasi-carbon fibers from stabilized PAN fibers using various quasi-carbonization cycles and to examine their properties. Two temperature regions, up to 800℃ and above 1000℃, were used for quasi-carbonization processes. The chemical composition, physical properties, thermal stability, microstructure, mechanical properties and electrical resistivity of the quasi-carbon fibers prepared with different final heat-treatment temperatures, heating rates, holding times, heating steps, and purging gas purity were extensively examined. The results were also compared with those from stabilized PAN fiber and commercial PAN-based carbon fiber. The present study showed that a variety of properties of quasi-carbon fibers significantly depended on several quasi-carbonization process parameters.