As described hereinbefore, the herbal composition of the present invention has an effect of improving the anticancer activity, immune function and hematopoietic function of the body, and inhibiting oxidative damage to the body. Therefore, the herbal composition can be applied for the prevention of side effects of cancer therapy by stimulating the recovery of the damaged immune function and hematopoietic function, and inhibiting oxidative damage. Further, owing to its advantageous properties, the herbal composition can be applied for preventing various degenerative chronic diseases and improving the health of the weak and the elderly.