White organic light-emitting diodes (WOLEDs) are regarded as the general lighting source. Although color rendering index (CRI) and luminous efficacy are usually in trade-off relation, we will discuss about the optimization of both characteristics, particularly focusing on the spectrum of a blue emitter. The emission at a shorter wavelength is substantially important for achieving very high CRI (> 90). The luminous efficacy of a phosphorescent blue emitter is low as its color falls in the deeper blue range; however, that does not show any significant influence on the WOLEDs. WOLEDs with different blue dopants are compared to confirm the calculation of the CRI and luminous efficacy, and the optimized WOLEDs exhibit luminous efficacy of 38.3 lm/W and CRI of 90.9.