To expand the industrial applicability of strong and ductile high Mn-Low Cr steel, a deeper understanding and mechanistic interpretation of long-term corrosion behavior under harsher environmental conditions are needed. From this perspective, the long-term corrosion behaviors of 24Mn3Cr steel under acidic aqueous conditions were examined through a comparison with conventional ferritic steels using the electrochemical measurements (linear polarization resistance and impedance), and immersion test followed by the metallographic observation of corrosion morphologies. In contrast to conventional ferritic steels, 24Mn3Cr steel, which had the lowest corrosion resistance at the early immersion stages (i.e., the highest corrosion current density (icorr) and lowest polarization resistance (Rp)), showed a gradual increase in corrosion resistance with prolonged immersion. Owing to the slow formation kinetics of (Fe,Cr)-enriched oxide scale, a longer incubation time for ensuring a comparatively higher corrosion resistance is required. On the other hand, conventional ferritic steels had an oxide scale with less densification and a lower elemental enrichment level that did not provide an effective anti-corrosion function. From the results, this study can provide significant insight into the industrial applicability of the high Mn-low Cr steel by providing the mechanistic interpretation of corrosion behaviors in acidic aqueous environments.