‘Heukhyang’, a new variety with dark brown color, short cultivaltion period, and good taste in Flammulina velutipes, was bred by crossing between monokaryons isolated from ‘Garlmoe’ and wild strain ‘CBMFV-10’. In bottle cultivation, the period of mycelial growth, primordia1 formation, and growth of fruit body was required 23 days, 6 days, and 17 days, respectively. Total culvivation period was 46 days, showing 8 days shorter than that of ‘Garlmoe’. Pileus diameter and thickness were greater than those of ‘Garlmoe’, and pileus color showed dark brown. Fruit body production per 850 ml bottle was 135 g, which was 10% lower than that of ‘Garlmoe’. However, the overall acceptance was most excellent in sensory evaluation, and ‘Heukhyang’ has an advantage to target a niche market of white ones due to differentiated color and taste.