Disclosed are an oxidizing agent for forming a hair perm including hydrogen water and a method of forming a hair perm using the same. Provided are an oxidizing agent for forming a hair perm and a method of forming a hair perm using the same, wherein the oxidizing agent can alleviate side effects of existing oxidizing agents for forming a hair perm, such as hydrogen peroxide (HO) and sodium bromate (Br), on the scalp and hair, and can maintain excellent curl formability and sustainability.