In this study, the GPM (Global Precipitation Mission) IMERG (Integrated Multi-satellitE retrievals for GPM) rainfall data was verified and evaluated using ground AWS (Automated Weather Station) and radar in order to investigate the availability of GPM IMERG rainfall data. The SPI (Standardized Precipitation Index) was calculated based on the GPM IMERG data and also compared with the results obtained from the ground observation data for the Hoengseong Dam and Yongdam Dam areas. For the radar data, 1.5 km CAPPI rainfall data with a resolution of 10 km and 30 minutes was generated by applying the Z-R relationship ( Z=200R1.6 ) and used for accuracy verification. In order to calculate the SPI, PERSIANN_CDR and TRMM 3B42 were used for the period prior to the GPM IMERG data availability range. As a result of latency verification, it was confirmed that the performance is relatively higher than that of the early run mode in the late run mode. The GPM IMERG rainfall data has a high accuracy for 20 mm/h or more rainfall as a result of the comparison with the ground rainfall data. The analysis of the time scale of the SPI based on GPM IMERG and changes in normal annual precipitation adequately showed the effect of short term rainfall cases on local drought relief. In addition, the correlation coefficient and the determination coefficient were 0.83, 0.914, 0.689 and 0.835, respectively, between the SPI based GPM IMERG and the ground observation data. Therefore, it can be used as a predictive factor through the time series prediction model. We confirmed the hydrological utilization and the possibility of real time drought monitoring using SPI based on GPM IMERG rainfall, even though results presented in this study were limited to some rainfall cases.