A high strength steel, including about 0.05 to about 0.25% of C, less than about 0.5% of Si, about 0.5 to about 3.0% of Mn, not more than about 0.06% of P, not more than about 0.01% of S, about 0.50 to about 3.0% of Sol. Al, not more than about 0.02% of N, about 0.1 to about 0.8% of Mo, about 0.02 to about 0.40% of Ti, and the balance of iron and unavoidable impurities, wherein the steel has a structure formed of at least three phases including a bainite phase, and a retained austenite phase in addition to a ferrite phase having a composite carbide containing Ti and Mo dispersed and precipitated therein, wherein the total volume of the ferrite phase and the bainite phase is not smaller than 80%, the volume of the bainite phase is about 5% to about 60%, and the volume of the retained austenite phase is about 3 to about 20%.