Here we present degradation phenomena of LCO electrode in aqueous medium using various X-ray measurement techniques, and suggest the solution to avoid such an irreversible electrochemical reaction. The aqueous solution was prepared with 0.5 M lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) and pH was controlled to ~6.8 and 10. In both cases, there was no evidence for the formation of cathode-electrolyte interphase (CEI) on LCO in contrast to the one with non-aqueous electrolyte solution. The direct contact of aqueous electrolyte solution to LCO surface results in the short-range disorder of LCO structure such as the distortion of octahedral CoO6, and irreversible Li+ desertion during 10 cycles. To improve electrochemical reversibility and structural stability of LCO, we prepared the organic protection layer that opened the Li+ mass transport route while inhibiting H2O contact from hydrophobic surface. As a result, the capacity retention was improved to ~85% during 30 cycles at pH ~ 6.8. Furthermore, we developed the way to protect LCO surface by anion engineering and in the absence of protection layer, which give insight into the inner Helmholtz plane (IHP) structure and its effect for LCO degradation in aqueous medium.