There is provided a wave power generation system comprising: first and second floating members to generate a floating force, wherein the first and second floating members are spaced from each other; first and second frames respectively coupled to the first and floating members; a pendulum swayably coupled to the first and second frames, wherein the pendulum is disposed between the first and second frames; a physical power converter operatively coupled to the first and second frames and operatively coupled to the first connection bars, wherein the physical power converter is configured to convert a pendulum movement force of the pendulum to a rotation force; a first wire operatively coupled to the physical power converter; a gearbox disposed on a land and operatively coupled to the wire, wherein the gearbox is configured to receive the rotation force from the first wire and to generate a continuous rotation force using first and second weights and one-way clutch.