An adaptive cut-cell grid based 2D inundation analysis model, K-Flood, is developed in this study. Cut cell grid method divides a grid into a flow area and a non-flow area depending the characteristics of the flows. With adaptive mesh refinement technique cut cell method can represent complex flow area using relatively small number of cells. In recent years, the urban inundation modeling using high resolution and fine quality data is increasing to achieve more accurate flood analysis or flood forecasting. K-Flood has potential to simulate such complex urban inundation using efficient grid generation technique. A finite volume numerical scheme of second order accuracy for space and time was applied. For verification of K-Flood, 1) shockwave reflex simulation by circular cylinder, 2) urban flood experiment simulation, 3) Malpasset dam collapse simulation are performed and the results are compared with observed data and previous simulation results.