In this paper, we propose that the SCOPF be solved in a decentralized framework, consisting of regions, using a price-based mechanism. We first solve the distributed OPF problem to determine the maximum secure simultaneous transfer capability of each tie-line between adjacent regions by taking only the security constraints imposed on the tie-lines into account. And then, the regional SCOPF is performed using the conventional LP approach. A description on the inclusion of security constraints with distributed OPF algorithm will be given, folowed by a case study for Korea power system.