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Based on successful aging paradigm, participating in social activities for the elderly is becoming important and that depends on available their resources. It is known that selection of a type of social activity appears to depend on the resource of the elderly, so it is necessary to identify under what conditions the elderly will be involved in volunteering or working. This study aimed to identify what factors make the elderly to participate in activities. We used the data from the 12th Korean Welfare Panal Study Wave, which were analyzed by binomial logistic regressions. As the findings, the factors that cause the elderly to participate in volunteering rather than working were education level, age, social relationship satisfaction and gender, among which education level has the greatest impact. This work contributes to prove that the elderly with human and social resources are more likely to participate in volunteering. Based on these findings, we discussed how to encourage elderly to participate in social activities. It needs to the promotion and the information for vulnerable older people to volunteering, especially elderly males. And public and private institutions need to provide educational services to link between network and volunteering for the elderly. In addition, the government should provide support for young-old and old-old adults to be connected to volunteering after retirement.