The nacelle anemometer mounted behind the blade roots of a wind turbine measures distorted wind speed comparable with free-stream wind because of the wake effects caused dependent upon the operation of the wind turbine and the rotation of its blades. The field campaign was carried out to measure free-stream wind speed at a height identical to the height of the nacelle anemometer by deploying a ground-based remote-sensing equipment, LIDAR. It is derived that a third-order polynomial equation for correcting wind speed measured by the nacelle anemometer to undistorted free-stream wind speed incident to a wind turbine. It is anticipated that the derived correction equation enables wind speed measured by the nacelle anemometer to be used as a precise input for a wind turbine performance test and for developing an active control logic.