Corrosion occurs widely in the supercritical water system materials under high temperature and pressure. To select reliable candidate materials, corrosion behavior of many alloys was investigated. This study focused on investigating the corrosion behavior of 316 stainless steel (316 SS) in supercritical water (798 K/24 MPa). After exposed to SCW for 200 h, the oxidation kinetics, surface morphology, and diffusion of elements were investigated by weight measurement, scanning electron microscopy (SEM), X-ray diffraction (XRD), energy-dispersive spectroscopy (EDS), and X-ray photoelectron spectroscopy (XPS). The surface of 316 SS showed isolated and discontinued oxide scales. The oxide scale was determined to be a monolayer layer, and the main composition was determined to be Fe-Cr-rich spinel with a few amounts of magnetite attached to the surface. A few pores due to pitting corrosion were found on the surface, and the oxidation mechanism was also investigated.