In order to understand the extent of contamination of the sediments on the Mankyoung and Dongjin Rivers flowing into the Saemangeum Reservoir, the concentrations of ignition loss (IL), COD, total nitrogen (T-N), total phosphorus (T-P), and heavy metals (As, Cd, Cr, Pb, Zn) were measured. The average concentrations of IL, COD, and T-P were 2.40 (${pm}2.18$)%, 2.97 (${pm}3.06$) mg/g sediment, 0.370 (${pm}0.351$) mg/g sediment, respectively, showing the extent of contamination is not serious. However, the concentrations of these parameters in the samples taken in year 2009 were higher than those in year 2008, indicating the contamination of sediments goes on gradually. The concentrations of T-N were in the range of 0.59~13.11 mg/g sediment with variation of locations and seasons. It was determined that the T-N contamination is serious when the concentrations were compared with the dredging guidelines of sediments in the Korean freshwaters, indicating the countermeasures are required to maintain the water quality of the Saemangeum Reservoir. The concentrations of heavy metals except chromium did not exceed the worrisome level of soil contamination stipulated by the Soil Environment Conservation Act of Korea. The high concentration of chromium to be concerned in some samples from the upstream of Mankyoung River requires source analysis and countermeasure to control the contamination.