Precipitation data is one of the essential input datasets used in various fields such as wetland management, hydrological simulation, and water resource management. In order to efficiently manage water resources using precipitation data, it is essential to secure as much data as possible by minimizing the missing rate of data. In addition, more efficient hydrological simulation is possible if precipitation data for ungauged areas are secured. However, missing precipitation data have been estimated mainly by statistical equations. The purpose of this study is to propose a new method to restore missing precipitation data using machine learning algorithms that can predict new data based on correlations between data. Moreover, compared to existing statistical methods, the applicability of machine learning techniques for restoring missing precipitation data is evaluated. Representative machine learning algorithms, Artificial Neural Network (ANN) and Random Forest (RF), were applied. For the performance of classifying the occurrence of precipitation, the RF algorithm has higher accuracy in classifying the occurrence of precipitation than the ANN algorithm. The F1-score and Accuracy values, which are evaluation indicators of the classification model, were calculated as 0.80 and 0.77, while the ANN was calculated as 0.76 and 0.71. In addition, the performance of estimating precipitation also showed higher accuracy in RF than in ANN algorithm. The RMSE of the RF and ANN algorithms was 2.8 mm/day and 2.9 mm/day, and the values were calculated as 0.68 and 0.73.