Understanding water quality events in a multiple-impoundment series is important but seldom presented comprehensively. Therefore, this study was conducted to systematically understand the explosion event of geosmin (GSM) in the North Han River (Chuncheon, Soyang, Euiam, and Cheongpyeong Reservoirs) and Han River (Paldang Reservoir), which consists of a cascade reservoir series, the largest drinking water source system in South Korea. We investigated the spatiotemporal relationship of harmful cyanobacterial blooms in the upstream reservoir (Euiam) with the water quality incident event caused by the GSM in the downstream reservoir (Paldang) from January to December 2011. The harmful cyanobacterial bloom occurred during August–September under a high water temperature (>20 °C) after a heavy-rainfall-based flood runoff event. The high chlorophyll-a (Chl-a) concentration in the upper Euiam Reservoir was prolonged for two months with a maximum concentration of 1150.5 mg m−3, in which the filamentous Dolichospermum circinale Kütz dominated the algal community at a rate of >99%. These parameters remarkably decreased (17.3 mg Chl-a m−3) in October 2011 when the water temperature decreased (5 °C) and soluble reactive phosphorus was depleted. However, high and unprecedented GSM concentrations, with a maximum value of 1640 ng L−1, were detected in the downstream reservoirs (Cheongpyeong and Paldang); the level was 11 times higher than the value (10 ng L−1) recommended by the World Health Organization. The concentrations of GSM gradually decreased and had an adverse effect on the drinking water quality until the end of December 2011. Our study indicated that the time lag between the summer–fall cyanobacterial outbreak in the upstream reservoir and winter GSM explosion events in the downstream reservoirs could be attributed to the transport and release of GSM through the effluent from hydroelectric power generation in this multiple-reservoir system. Therefore, we suggest that a structural understanding of the reservoir cascade be considered during water quality management of drinking water sources to avoid such incidents in the future.