With a large-scale Monte Carlo simulation, non-equilibrium dynamics of the two-dimensional fully frustrated XY model is investigated. We tackle the Kosterlitz-Thouless phase transition. Starting from an ordered initial state, we study the dynamic evolution of the magnetization as well as a specifically defined Binder cumulant. From the dynamic scaling ansatz, we extract the correlating time of the dynamics and the spatial correlation length of the equilibrium state. The dynamic exponent z is determined with relatively high accuracy. Especially, we suggest and demonstrate how one may directly measure the dynamic exponent z above TKT from the scaling fit of the Binder cumulant. These results indicate that the dynamic exponent z fluctuates around z=2, and this is consistent with that observed at temperatures below the transition temperature TKT.