A panoramic picture photographing method permits more accurate photographing of an image, particularly a panoramic image of a subject, without additional equipment, or separate devices and hardware. The method includes projecting an image, which is successively inputted in every predetermined unit of time, to an imaginary surface having a same focal distance in photographing each image constituting a panoramic picture to obtain a projected image; confirming movement of a corresponding photographing apparatus so that the projected image is compared with a previous image in real time by using a motion estimation technique, to which exposure correction has been applied; determining a photographing time point of each image by confirming the confirmed movement of the corresponding photographing apparatus according to a photographing direction has reached a predetermined critical value; and photographing each image at the photographing time point of each image according to a passive input or automatically.