Abstract. After the 2016 Gyeongju earthquake and the 2017 Pohang earthquake struck the Korean peninsula, securing financial stability for earthquake risk has become an important issue in Korea. Many domestic researchers are currently studying potential earthquake risk. However, empirical analysis and statistical approach are ambiguous in the case of Korea because no major earthquake has ever occurred on the Korean peninsula since Korean Meteorological Agency started monitoring earthquakes in 1978. This study focuses on evaluating possible losses due to earthquake risk in Seoul, the capital of Korea, by using catastrophe model methodology integrated with GIS (Geographic Information System). The building information such as structure and location is taken from the building registration database and the replacement cost for building is obtained from insurance information. As the seismic design code in KBC (Korea Building Code) is similar to the seismic design code of UBC (Uniform Building Code), the damage functions provided by HAZUS-MH are used to assess the damage state of each building in event of an earthquake. 12 earthquake scenarios are evaluated considering the distribution and characteristics of active fault zones in the Korean peninsula, and damages with loss amounts are calculated for each of the scenarios.