An apparatus and method for managing information in a mobile terminal are provided. The method includes selecting a first object to be linked, selecting a second object for linking with the first object, and linking the first object with the second object. By linking two objects, a user is better able to determine the context in which one or both object are known, thus improving usability of the information. Moreover, a descriptive tag may be used to link the two objects, thus providing additional information by which to associate one object with another object.