Soil and water assessment tool (SWAT) was simulated based on the default parameters and a priori soil parameter estimation method in Bocheong watershed of Korea. The performance of the model was tested against the measured daily runoff data for 5 years between 1993 and 1997. The sensitivity analysis of SWAT model parameters was conducted to identify the most sensitive model parameters affecting the model output. The results of SWAT simulation indicate that the overall performance of SWAT in calculating daily runoff is reasonably acceptable. However, there is a problem in estimating the low flow components of streamflow since the low flow components simulated by SWAT are significantly different from the measured low flow. The sensitivity analysis with SWAT points out that soil related parameters are the most sensitive parameters affecting surface and ground water balance components and groundwater flow related parameters exhibit negligible sensitivity.