The method for the establishment of an equilibrium core model proposed in the previous paper and the source term calculation method proposed in this paper for the characterization of decommissioning waste were verified by comparing the nuclide inventory estimated by MCNP/ORIGEN2 simulations with the measured nuclide inventory according to a chemical assay in an irradiated pressure tube discharged from Wolsong Unit 1 in 1994. At first, the time-average pseudoequilibrium full-core model of Wolsong Unit 1 was developed on the basis of the previously proposed modeling method for the activation of in-core and ex-core structural components. Then, the application level of the neutron flux and cross section in the radionuclide buildup calculation were compromised. Fourteen major actinides and fission products were considered to represent the irradiated fuel condition, and a geometry simplification was also introduced in the burned full-core model for MCNP simulation. The assumption of a constant neutron flux and capture cross section as a function of the irradiation time was applied in the radionuclide buildup calculation in ORIGEN2. As a result, the values estimated from the analysis system agreed with the measured data within a difference range of 30%. Therefore, it was found that the MCNP/ORIGEN system and source term characterization method proposed can be viable to estimate the source terms of the decommissioning waste from a CANDU reactor.