In this paper, I will provide novel data from Korean showing that VP, which has never been considered as an ellipsis site in Korean, is an ellipsis site. In addition, I will argue that VP ellipsis in Korean is PF deletion that occurs during the syntactic derivation. (I will call this derivational PF deletion.) Lastly, I will propose that derivational PF deletion removes PF components of elements inside the ellipsis site, but preserves formal features of them intact, and thus, the elements that lack PF components are visible for further formal operations.