Recent progress in state-of-the-art geospatial information technologies such as digital mapping, LiDAR(Light Detection And Ranging), and high-resolution satellite imagery provides various data sources fer Digital Elevation Model(DEM). DEMs are major source to extract elements of the hydrological terrain property that are necessary for efficient watershed management. Especially, watersheds extracted from DEM are important geospatial database to identify physical boundaries that are utilized in water resource management plan including water environmental survey, pollutant investigation, polluted/wasteload/pollution load allocation estimation, and water quality modeling. Most of the previous studies related with watershed extraction using DEM are mainly focused on the hydrological elements analysis and preprocessing without considering grid size of the DEMs. This study aims to analyze accuracy of the watersheds extracted from DEMs with various grid sizes generated by LiDAR data and digital map, and appropriate preprocessing methods.