UTC (Coordinated Universal Time) has been made by the comparison results and the statistical analysis of primary clocks maintained by national standard institutes. Some kinds of technique have been used for international time transfer; since 1980s the study on methods and development of time transfer has conducted with activation of GPS application. And the more accurate and easier method made it use the official time transfer method for the generation of UTC. But recently TWSTFT (Two-Way Satellite Time and Frequency Transfers) as well as GPS time transfer are increasing in number because the TWSTFT is able to improve the accuracy and precision of time comparison owing to the elimination of the ionospheric and tropospheric delay errors thanks to the reciprocal propagation path. In this paper, we introduce the TWSTFT results by a multi-channel modem comparing with GPS P3-code.