To predict pollutants during the flood and dry season in Gwangyang Bay, the net-fluxes and pollutant material budgets of COD, T-N, and T-P were calculated in Gwangyang Bay using a 2-D hydrodynamic model. Calculating the net-flux for each area in Gwangyang Bay showed that the net-fluxes in regions IV, V, and VII were increasing, but those of regions II, III, and VI were decreasing. In budget calculations for COD, T-N, and T-P in Gwangyang Bay, it was estimated that during the dry season the COD is approximately 1.6 times higher than during the flood season. The T-N during the flood season is approximately 7 times higher than during the dry season. However, the material budget for T-P in Gwangyang Bay predicted that it is almost nonexistent. Moreover, the central part of Gwangyang Bay (Region IV) has the highest material budget of overall pollutants.