Lightweight geopolymers were fabricated by using fused slag from integrated gasification combined cycle as a law material and Si sludge from silicon wafer process as a bloating material for the purpose of replacing autoclaved lightweight concrete (ALC). Density and compressive strength of geopolymers were measured and compared with the properties of ALC according to the variation of mol concentration of alkaline activator, W/S ratio, addition of fibers, and addition of polystyrene and the possibility of replacing ALC panel was estimated through the comparisons. Although the geopolymer satisfying the standard of ALC panel was not made by controlling mol concentration and W/S ratio, addition of inserts such as fibers and polystyrene insert was tried to overcome the obstacle of enhancing properties. Geopolymers cannot satisfying the standard of ALC panel by adding carbon or glass fibers; however, adding fibers can be suggested as one of the methods enhancing compressive strength because the compressive strength of the specimen containing 0.3 wt.% glass fibers was increased by 3 times. The maximum addition of polystyrene insert was turned out to be 50 vol.% and the properties of geopolymers varied by the method of insertion. When using single polystyrene insert, compressive strength was 17.8 MPa and density was 0.996 g/cm 3 which were similar values to the standard of ALC panel. If the difficulties of reproductivity of production and insertion method of inserts were overcome through the future research, the geopolymers containing polystyrene inserts could possibly replace ALC panel.