Since the Kyoto Protocol became into effect, Korea has been expected to be part of the Annex I countries performing the duty of GHG reduction in the phase of post-Kyoto. Therefore, it is necessary to develop emission factors appropriate to Korean circumstances. In order to develop emission factors this study utilized the CleanSYS, which is the real-time monitoring system for industrial smoke stacks to calculate the emission rate of $CO_2$ continuously. In this study, the main focus was on the power generation plants emitting the largest amount of $CO_2$ among the sectors of fossil fuel combustion. Also, an examination on the comparison of $CO_2$ emission was made among 3 generation plants using the different types of fuels such as bituminous coal and LNG; one for coal and others for LNG. The $CO_2$ concentration of the coal fired plant showed Ave. 13.85 %(10,384 ton/day). The LNG fired plants showed 3.16 %(1,031 ton/day) and 3.19 %(1,209 ton/day), respectably. Consequently, by calculating the emission factors using the above results, it was found that the bituminous coal fired power plant had the $CO_2$ emission factor average of 88,726 kg/TJ, and the LNG fired power plants had the $CO_2$ average emission factors of 56,971 kg/TJ and 55,012 kg/TJ respectably which were similar to the IPCC emission factor.