We have conducted a wide-field K-selected galaxy survey with complementary optical I- and B-band imaging in six fields with a total coverage of 9.8 square degrees (Huang et al. 1997). The observations were carried out on the UH 0.6m and the UH 2.2m telescopes. The purpose of this survey is to study the properties of the local galaxies and explore the evolution of K-selected galaxies at low redshifts. Star-galaxy discrimination is performed using both galaxy color properties and object morphologies, and 6264 galaxies are found. This survey establishes the bright-end K-band galaxy number counts in the magnitude range 13 < K < 16 with high precision. We find that our bright-end counts have a significantly steeper slope than the prediction of a no-evolution model, which cannot be accounted for by observational or theoretical error. Since it is very unlikely that there is sufficient evolution at such low redshifts to account for this effect, we argue that there is a local deficiency of galaxies by a factor of 2 on scale sizes of around 300 Mpc. This would imply that local measurements of Ω0 underestimate the true value of the cosmological mass density by this factor and that local measurements of H0 could be high by as much as 33%.