The disclosure relates to a device and a method for controlling transmission power of an electronic device in a wireless communication system. An electronic device may include: a housing; at least one radio frequency integrated circuit (RFIC) disposed in the housing and configured to support a first radio access technology (RAT) and a second RAT; a first communication processor electrically or operationally connected to the at least one RFIC; a second communication processor electrically or operationally connected to the at least one RFIC and the first communication processor; and at least one memory which is operationally connected to the first communication processor and the second communication process or is a part of at least one of the first communication processor or the second communication processor, and which is configured to store a first threshold value related to the at least one RFIC.