Climate change has inherent multidisciplinary characteristics, and predicting the future of a single field of work has a limit. Therefore, this study proposes a water-centric nexus approach for the agriculture and forest sectors for improving the response to climate change in the Korean Peninsula. Two spatial models, i.e., Environmental Policy Integrated Climate and Integrated Valuation of Ecosystem Services and Tradeoffs, were used to assess the extent of changes in agricultural water demand, forest water supply, and their balance at the watershed level in the current and future climatic conditions. Climate changed has increased the agricultural water demand and forest water supply significantly in all future scenarios and periods. Comparing the results with RCP8.5 2070s and the baseline, the agricultural water demand and forest water supply increased by 35% and 28%, respectively. Water balance assessment at the main watershed level in the Korean Peninsula revealed that although most scenarios of the future water supply increases offset the demand growth, a risk to water balance exists in case of a low forest ratio or smaller watershed. For instance, the western plains, which are the granary regions of South and North Korea, indicate a higher risk than other areas. These results show that the land-use balance can be an essential factor in a water-centric adaptation to climate change. Ultimately, the water-centric nexus approach can make synergies by overcoming increasing water demands attributable to climate change.