An electronic device is provided, which includes a panel configured to identify a position of a stylus pen, a communication module configured to transmit/receive a communication signal to/from the stylus pen, and at least one processor configured to, based on detection of the stylus pen by the panel, perform a first operation based on the position of the stylus pen identified by the panel, based on non-detection of the stylus pen by the panel, identify at least one of information about the position of the stylus pen or information indicating whether a button of the stylus pen is pressed, included in at least one communication signal received through the communication module from the stylus pen, and perform a second operation based on at least one of the information about the position of the stylus pen or the information indicating whether the button of the stylus pen is pressed.