Disclosed herein is a composition for solidifying soil and industrial waste. The solidifying composition contains 16-24 wt % of straight asphalt, 0.06-0.10 wt % of an emulsifier for asphalt, 0.8-1.2 wt % of light oil, heavy oil or a mixture thereof, 0.01-0.03 wt % of calcium chloride, 0.8-1.2 wt % of lignin, 0.7-1.3 wt % of an acrylic emulsion-based asphalt modifier, 0.13-0.21 wt % of sodium hydroxide, 0.22-0.34 wt % of oleic acid, and the balance of water. A solidified material formed using this solidifying composition has increased density, strength and elasticity, improved durability and a short curing time. Furthermore, the solidifying composition enables soil and industrial waste to be recycled as a substitute for stone materials, such that it allows material sources to be readily secured in public or construction work fields, leading to a reduction in construction cost, and can also contribute to the preservation of the natural environment.