A method of manufacturing a power semiconductor device includes forming trenches in a substrate, wherein the substrate includes a first surface and a second surface opposite to the first surface, forming a gate insulating layer and a gate electrode in each of the trenches, forming a P-type base region between the trenches in the substrate, performing a first implantation process using P-type dopants implanted onto the P-type base region, forming an N+ source region in the substrate, forming an interlayer insulating layer on the N+ source region, performing a second implantation process using P-type dopants to form a P+ doped region on the P-type base region, forming an emitter electrode in contact with the N+ source region and the P+ doped region, forming a P-type collector region on the second surface of the substrate, and forming a drain electrode on the P-type collector region.