Forests play a crucial role in South Korea’s carbon neutrality goal and require sustainable management strategies to overcome age-class imbalances. The Generic Carbon Budget Model (GCBM) offers a spatially explicit approach to simulate carbon dynamics at a regional scale. In this study, we utilized the GCBM to analyze the carbon budget of forests in South Korea and produce spatiotemporal maps for distribution of the forest biomass. The growth parameters of five representative tree species (Pinus densiflora Siebold & Zucc., Larix kaempferi Carr., Pinus koraiensis Siebold & Zucc., Quercus mongolica Fisch. ex Ledeb., Quercus variabilis Blume), which are the main species in South Korea, were used to operate the model. In addition, spatial data for harvest and thinning management activities were used to analyze the effects of anthropogenic activities. In 2020, the aboveground and belowground biomass were 112.98 and 22.84 tC ha−1, and the net primary productivity was 8.30 tC ha−1 year−1. These results were verified using comparison with statistics, a literature review, and MODIS NPP. In particular, broadleaf is higher than conifer forest in net primary production. The Canadian GCBM with Korean forest inventory data and yield curves successfully estimated the aboveground and belowground biomass of forests in South Korea. Our study demonstrates that these estimates can be mapped in detail, thereby supporting decision-makers and stakeholders in analyzing the carbon budget of the forests in South Korea and developing novel schemes that can serve regional and national aims related to forest management, wood utilization, and ecological preservation. Further studies are needed to improve the initialization of dead organic matter pools, given the large-scale afforestation efforts in recent decades that have established South Korea’s forests on predominantly non-forest sites.