Recently, automobile parts have been required to have high strength and toughness to allow for weight lightening or improved stability. But, traditional micro-alloyed steel cannot be applied in automobile parts. In this study, we considered the influence of quenching temperature and cooling rate for specimens fabricated by vacuum induction furnace. Directly quenched micro-alloyed steel for hot forging can be controlled according to its micro structure and the heat-treatment process. Low carbon steel, as well as alloying elements for improvement of strength and toughness, was used to obtain optimized conditions. After hot forging at 1,200oC, the ideal mechanical properties (tensile strength ≥ 1,000MPa, Charpy impact value ≥ 100 J/cm2) can be achieved by using optimized conditions (quenching temperature : 925 to 1,050oC, cooling rate : ≥ 5oC/sec). The difference of impact value according to cooling rate can be influenced by the microstructure. A fine lath martensite micro structure is formed at a cooling rate of over 5oC/sec. On the other hand, the second phase of the M-A constituent microstructure is the cause of crack initiation under the cooling rate of 5oC/sec.