The corrosion properties of 316L stainless steel (316L SS) alloy within molten NaCl-KCl salt were explored through a static immersion experiment carried out at 700 °C under Ar flow for 25, 50, 100, 200, and 400 h. The loss in weight of the corroded 316L SS alloy increased from 0.06 to 1.71 mg/cm², while the maximum corrosion depth increased from 1.71 to 14.09 μm. However, the corrosion rate initially increased from 27.54 μm/year to 93.45 μm/year and then decreased to 47.22 μm/year as the soaking time was increased from 25 to 400 h. The impurities in the molten salts produced corrosive Cl₂ and HCl, which corroded the 316L SS matrix. The accelerated selective Cr dissolution with small amounts of Fe and Ni resulted in intergranular corrosion as the time of corrosion was increased. The depletion depths for Ni, Cr, and Fe at 400 h were found to be 0.87 μm, 3.94 μm, and 1.47 μm, respectively. The formation of Cr and Fe oxides might potentially play a vital role. The grain boundary and outward diffusion of Mo may prevent the outward diffusion of Cr, thereby mitigating alloy corrosion. Therefore, molten chloride salt purification and the selection of stainless steel are crucial for developing future concentrated solar power technologies. The findings of this study provide guidelines for the use of 316L SS in NaCl-KCl salt at high temperatures.