This paper presented the extraction solution for the coupling coefficient at the magnetically coupled wireless power transmission(WPT) system through the analysis of its equivalent circuit considering the loss. The conventional extraction solution using coupled mode theory is generalized employing the extracted solution considering the load resistance. Consequently, the measuring process of extracting coupling coefficient becomes convenient since the even/odd mode analysis is not necessary. Furthermore, the coupling coefficient obtained from the induced extraction method was in excellent agreement with the coupling coefficient obtained using the ratio of magnetic flux passing through the two loops. The extraction of the accurate coupling coefficient at the magnetically coupled WPT is an essential work to analyze and optimize the WPT system.