The purpose of this article is analyzing the impacts of climate change on red pepper yield in Korea, with employing a panel data regression model. Our results show that there is a negative impacts of high temperature and precipitation amount on red pepper yields. Especially high temperature and rainfall in July cause serious damage to red pepper yield. According to the reduction schedule on greenhouse gas emission(RCP 8.5 scenario.), red pepper yield would be 25.4% lower than it is, for reasons of high temperature and rainfall damages by the end of 21st century.