This paper evaluates potential environmental impacts and external costs on rice production of Korea. The investigation is based on LCA in agricultural area which estimates inputs and outputs of rice production system in quantitative way. The results show that environmental impacts on organic rice(4.49E-08 DALY/kg) is level on 4.5% out of conventional rice(9.97E-07 DALY/kg). The external costs of organic and conventional rice are 4.04won/kg and 89.52won/kg respectively. The balance of both organic and conventional rice which is 85.48won/kg represents monetary value on improvement of environmental effects as producing organic rice.