The purpose of this study was to identify the effect of Korean traditional dance exercise on physical health (BMI; body mass index, BP; blood pressure, VC; vital capacity, TC; total cholesterol, HDL; high-density lipoprotein, TG; triglyceride), self-efficacy and stress in elderly women. A quasi-experimental research design(one group pretest and posttest) was used for this study. Participants were recruited in a metropolitan city and a total of 43 community dwelling elderly women completed the 12-week Korean traditional dance exercise program. Descriptive statistics and paired t-tests were used in the data analysis by SPSS/WIN 12.0. After the Korean traditional dance exercise program there was a significant difference in BMI, VC, TC, HDL, stress and self-efficacy. There were, however, no significant changes in BP, and TG level after completing this program. This study suggests that Korean traditional dance exercise may be one of the effective nursing interventions for elderly women.