The final disposition of spent fuel has been, and continues to be, an important issue of nuclear industry. The conceptual design for the accelerator driven transmutation system HYPER is scheduled to be completed by the year of 2006. As the first step for the conceptual design, a study to determine 1. sub-critical core characteristics, 2. fuel concept, 3. coolant system concept, 4. spallation target concept for the HYPER was performed from 1997 to 2000. Most of concept studies were done on the literature basis. The major objectives of the study is to give a guid-line for the second stage research which will be performed during 2001-2003. In addition, the technologies related with TRU-Zr fuel and Pb-Bi coolant can be utilized for the future nuclear reactor development such as generation 4.