The objective of this study is to estimate the unregulated flood frequency from Chungju dam to Yangpyung gauging station for the region affected by dams based on the peak discharges simulated by storage function routing model. From the flood frequency analyses, the quantiles for the unregulated flood frequency at 6 sites have similar pattern to each other, and their averaged quantile almost matched to the result from the regional flood frequency analysis. The quantile and annual mean discharge for the unregulated flood frequency for the downstream of Chungju dam show the similar behaviour to those for the upstream area. While the quantile and the annual mean discharge for the regulated flood frequency are significantly different from those for the unregulated flood frequency. In particular, the qunatile shows severe difference as the return period increases, and the annual mean discharge has a tendency to approach to the natural flood as the distance from dam increases.