A method and apparatus for color space conversion are provided. An apparatus for converting a color space includes at least one processor configured to convert an original full image of an original color space to a temporary image of a target color space, estimate a color space mapping parameter between the original color space and the target color space, the color space mapping parameter corresponding to the original full image, obtain a residual vector of the target color space based on the temporary image and the color space mapping parameter, convert the residual vector to a residual image of the target color space, and obtain a target full image of the target color space by combining the residual image with the temporary image.