Generally the commercial high-resolution images have their coordinates, but the locations are locally different according to the pose of sensors at the acquisition time and relief displacement of terrain. Therefore, a process of image co-registration has to be applied to use the multi-temporal images together. However, co-registration is interrupted especially when images include the cloud-covered regions because of the difficulties of extracting matching points and lots of false-matched points. This paper proposes an automatic co-registration method for the cloud-covered high-resolution images. A scale-invariant feature transform (SIFT), which is one of the representative feature-based matching method, is used, and only features of the target (cloud-covered) images within a circular buffer from each feature of reference image are used for the candidate of the matching process. Study sites composed of multi-temporal KOMPSAT-2 images including cloud-covered regions were employed to apply the proposed algorithm. The result showed that the proposed method presented a higher correct-match rate than original SIFT method and acceptable registration accuracies in all sites.