Apparatus and method for compensating position information in portable terminal

An apparatus and a method for estimating position information in a portable terminal are provided. A position estimation method includes estimating position information of the portable terminal according to a position estimation scheme; compensating for an estimation error of the estimated position information by considering at least one of motion information of the portable terminal and a map matching scheme; and storing the position information of the compensated estimation error as the position information of the portable terminal.