Installation of FACTS(Flexible AC Transmission System) device can maximize utilization of existing power facilities and reliability of power system. STATCOM has excellent characteristics in operating cost, maintaining facilities, loss and so on. However, STATCOM has a disadvantage of facility cost over capacity. So it is effective to coordinate STATCOM and existing external bank(capacitor and reactor) and OLTC(On Load Tap Changer). This paper mainly proposes coordinative control method between STATCOM installed within substation and other reactive power resources including Shunt Reactors and Shunt Capacitors and OLTC for voltage stability improvement. The proposed coordinative control method is developed for the STATCOM of Mi-gum substation and the simulation results of EMTP/RV model show the effectiveness of the proposed method.