In this study, a quantitative assessment was carried out in order to identify the agricultural drought in time and space using the Terra MODIS remote sensing data for the agricultural drought. The Normalized Difference Vegetation Index (NDVI) and Enhanced Vegetation Index (EVI) were selected by MOD13A3 image which shows the changes in vegetation conditions. The land cover classification was made to show only vegetation excluding water and urbanized areas in order to collect the land information efficiently by Type1 of MCD12Q1 images. NDVI and EVI index calculated using land cover classification indicates the strong seasonal tendency. Therefore, standardized Vegetation Stress Index Anomaly (VSIA) of EVI were used to estimated the medium-scale regions in Korea during the extreme drought year 2001. In addition, the agricultural drought damages were investigated in the country's past, and it was calculated based on the Standardized Precipitation Index (SPI) using the data of the ground stations. The VSIA were compared with SPI based on historical drought in Korea and application for drought assessment was made by temporal and spatial correlation analysis to diagnose the properties of agricultural droughts in Korea.