As a method to reduce the total phosphorus in sewage treatment plant, we applied the integral type slow mixing/sedimentation fiber filtration system to compare the control methods for the sewage effluent and the reject water. It was analyzed that about 92.4 kg T-P/day should be removed in order to satisfy the final concentration of phosphorus of 0.2 mg T-P/L, which is reinforced effluent standard. Therefore the total phosphorus removal efficiency should be 96% for sewage effluent and 69.2% for reject water (dehydrated filtrate) respectively. The system operation cost to achieve the target of total phosphorus removal efficiency was assessed. It has been found that the treatment cost of the reject water containing high concentration of phosphorus with a low flow rate is reduced to about 1/2.4 of the coagulant cost and about 1/120 of the electricity cost, compared to that of the sewage effluent treatment. Also the economics of the integral type slow mixing/sedimentation fiber filtration system and the general coagulation and sedimentation system were compared. It was evaluated that the development system was more economical because the installation area of the integral type slow mixing/sedimentation fiber filtration system was about 1/7 smaller than that of the general coagulation and sedimentation system, and the annual operation cost including the required amount of coagulant and electricity cost of the development system was lowered about 1/1.7 than that of the general system.