In this paper, we derive the hazard which is a criterion of safety assurance by PHA for the ATP equipped in Korea Tilting Train. The ATP onboard equipment in Korea Tilting Train was introduced as ETCS Level l(which is ETCS specification). Also, the ATP trackside equipment was introduced as a ETCS SRS(System Requirement Specification) 2.2.2 and it has a target for commercial operation in 2009 late. In IEC 62278(EN50126), it recommend of PHA to derive a hazard of target system in concept establishment step and estimate if it can control as a tolerable level and then derive safety case to control the hazard by lifecycle. Therefore, we indicate the hazard using criterion of safety assurance by PHA using FRS (Functional Requirement Specification) 5.0. which is a upper criterion than SRS. The hazard of ATP onboard equipment derived in Korea Tilting Train will be able to use as ATP functional hazards of unified onboard equipment in G7 which is a multiple unit and preliminary hazards of ATP onboard equipment in NEL drived by Korail.