A hybrid watermark insertion method includes the steps of dividing the digital image into a low frequency region and a high frequency region using an edge map of the digital image; inserting a watermark into the low frequency region of the image by employing a watermarking method using a human visual system (HVS); and inserting the watermark into the high frequency region of the image by employing a quantization index modulation (QIM) method. A hybrid watermark extraction method includes the steps of estimating a reference value used when inserting a watermark, and searching a maximum value of correlation coefficients in an image of the watermark image while changing the estimated reference value within a designated range, to thereby find out the watermark insertion method. Accordingly, the watermark insertion method can be easily identified, thereby enabling the watermark extraction in a more readily manner.