In recent decades, a conducting polymer film: poly(3,4-ethylenedioxythiophene) polymerized with poly(4-styrenesulfonate) (PEDOT:PSS) has been employed as an essential component of flexible electronics used in practical products, owing to obvious advantages of its electrical and mechanical properties. Generally, the PEDOT:PSS shows an high electrical conductivity (>1000 S cm −1), deep work function (>5.0 eV), and good compatibility with other materials such as organic dopants, carbon nanomaterials, and inorganic nanowires, which has opened limitless possibilities for electronic application such as electrodes, charge transport layers, and thermoelectric active materials. [1-8] Some organic dopants include polar solvent additives such as dimethylsulfoxide (DMSO) and glycerol that contribute to a decrease in the Coulomb interactions between PEDOT and PSS chains and changed molecular arrangement of the PEDOT and PSS chains. [9] In addition, some non-ionic polymer surfactants have also been utilized to increase electrical conductivity of the PEDOT:PSS films by forming interconnected PEDOT networks in the PEDOT:PSS films. [10] Despite excellent electrical and mechanical properties, practical application of poly(3,4-ethylenedioxythiophene) polymerized with poly(4-styrenesulfonate) (PEDOT:PSS) face the challenge of ensuring air stability in electronic industry. Here, degradation mechanism of PEDOT:PSS-based films in air is clearly demonstrated through X-ray/ultraviolet photoelectron spectroscopy (XPS/ UPS) and its depth-profiling technique. As the duration of air-exposure increases, the PEDOT:PSS-based films alter molecular structures with the formation of SO x bond in PEDOT and CN x bond growth, changing ratios of insulating part (PSS − , PSSH, oxidized PEDOT) to conducting part and deteriorating their electrical conductivities. These transition behaviors are similar in all PEDOT:PSS-based films regardless of additives such as dopant or multi-walled carbon nanotube. Additionally, methanol treatment to various PEDOT:PSS-based films for inducing conformational change between PEDOT and PSS molecules, partly restore the electrical properties of the denatured PEDOT:PSS films. Finally, thermoelectric properties of the PEDOT:PSS-based films are characterized by investigating the effects of air-aging and methanol treatment on electrical conductivities, Seebeck coefficients, and power factors. To sum up, this study provides a useful guideline for establishing a strategy to ensure air stability of PEDOT:PSS-based films by clarifying the degradation mechanism and property recovery methods.