This study investigates experimentally the optimum mix proportion and design factors of the stabilizing liquid used for excavation of the massive and deep slurry wall in LNG in-ground tank before pouring concrete. Considering those site conditions, the stabilizing liquid used for excavation of slurry wall has to be satisfied with some requirements including specific gravity, fluid loss, cake thickness, funnel viscosity and sand content in order to construct the safe and qualified slurry wall. For this purpose, we select materials including bentonite, polymer and dispersion agent. After performing many tests for materials and mix design process, we propose the optimum mix proportion that the upper limit ratio of bentonite is $2.0\%$, polymer is $0.1\%$ considering the funnel viscosity and dispersion agent is $0.05\%$considering the fluid loss of the stabilizing liquid. Also, we select all materials which are consisted of GTC4 as bentonite, KSTP as polymer and Bentocryl 86 as dispersion agent. Based on the results of this study, the optimum mix proportion of the stabilizing liquid is applicable to excavate the deep and massive slurry wall in LNG in-ground tank successfully.