The present invention provides a correction circuit for a power converter. The correction circuit includes a sampling circuit, a demagnetizing-time circuit, a duty circuit, and a compensation circuit. The sampling circuit generates an average-current signal in response to a switching current of the power converter. The demagnetizing-time circuit generates a discharging-time signal in response to a switching signal and an input-voltage signal. The duty circuit generates a duty signal in response to the discharging-time signal, an on-time of the switching signal, and a switching period of the switching signal. The compensation circuit is coupled to receive the average-current signal and the duty signal for generating a corrected signal. The switching signal is utilized to switch a magnetic device for regulating an output voltage of the power converter. The corrected signal is coupled to generate the switching signal.