In this study, the multi-component white cast irons with 5wt% of Mo, W, 2 wt% of C, Co each and varying Cr content from 1 to 9 wt% and V content from 3 to 9 wt% independently were employed and effect of Cr and V contents on the behavior of continuous cooling transformation (CCT) was investigated. When the Cr content increases to 5wt%, the critical cooling rate of pearlite transformation (VC-P) does not change much, but the VC-P decreases gradually as the Cr content is increased over 5 wt%. The critical cooling rate of bainite transformation (VC-B) increases with an increase in the Cr content. In the case of V effect, on the other hand, the VC-P decreases as the V content increases. However, the VC-B decreases with an increase in the V content up to 4mass%, but over 4wt%V, it increases, and at 9wt%V, the precipitation of ferrite phase occurred. Ms temperature decreases continuously as the Cr content increases to 5wt%, and then increases. As the V content increases, Ms temperature rises gradually. In the case that Mf point appears, the Mf temperature goes up with an increase in the Cr and V contents.