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[Display omitted] • Groundwater Deficit (GWD) highlights delayed response to precipitation decline. • GWD characterizes and quantifies groundwater drought, including spatial extent. • GWD identifies thirteen drought events over a two-decade span in South Korea. Although South Korea is frequently subjected to monsoons, the shortage of summer monsoons and relatively dry spring and winter seasons cause droughts in the Korean Peninsula. Since the late 1960s, severe droughts in South Korea have encouraged extensive groundwater development for agricultural and economic growth. Therefore, identifying and estimating the impact of droughts on the country's groundwater resources is crucial for establishing policies and regulations on groundwater exploitation and recharge. Current drought management of the country relies on a meteorological drought index. However, these estimates lack a comprehensive understanding of absolute drought severity and propagation. This study aims to develop a quantitative method for calculating the frequency and severity of groundwater droughts based on the Groundwater Deficit (GWD) derived from NASA's Gravity Recovery and Climate Experiment (GRACE) mission data. The estimated annual GWD in mass over the country ranges from -0.07 km3 to 0.04 km3, with a trend in the mass of -1.60×10−3 km3/year from 2002 to 2021. Thirteen groundwater drought events were identified based on GWD. Among those, the highest drought severities recorded in 2015 and 2019 were -34.27 km3 months and -55.38 km3 months, respectively. Monthly deficits define the quantity of water required to restore normal groundwater storage conditions. Hence, the minimum and average days to recover from groundwater droughts were estimated based on the strength of the storage-based approaches. The GWD approach aligns with meteorological drought databases with a time lag. It illustrates the transition from meteorological drought to groundwater drought, along with their onset, cessation, propagation, instantaneous severity, and peak magnitude. [ABSTRACT FROM AUTHOR]