There is provided a highly heat conductive piston ring for an internal combustion engine capable of exhibiting a gas seal function and a heat transfer function for a long period of time in a stable manner when used in an automobile gasoline engine having a high compression ratio. The highly heat conductive piston ring for an internal combustion engine is a piston ring for an internal combustion engine having an Mn—Cr steel as a base material, the Mn—Cr steel including C in the range of from 0.52 to 0.65 mass %, Si in the range of from 0.15 to 0.35 mass %, Mn in the range of from 0.60 to 1.00 mass %, Cr in the range of from 0.60 to 1.00 mass %, P in the range of 0.04 mass % or less, S in the range of 0.04 mass % or less, a slight amount of components (total content of Al, Ni, and Cu) in the range of from 0.05 to 3.0 mass %, and a remnant being Fe and unavoidable impurities.