An apparatus and method for compensating a gray-scale CCT in an LCD are provided. In the apparatus, a camera captures an external image, a memory stores the captured image and other image data, and a video processor compensates the correlated color temperature (CCT) of the image received from the camera and the image data read from the memory according to a gray-scale CCT compensation control signal, and outputs a compensated RGB signal. A display receives the compensated RGB signal and displays the image on the LCD according to the RGB colors. A controller controls the video processor by the gray-scale CCT compensation control signal for the image data received from the camera and the memory.