Disclosed are a color correction method for a lighting system and a lighting system, the lighting system includes a first laser set (10), a second laser set (20), a driving assembly (30), a wavelength conversion device (40), and a light-combining assembly (50), where the first laser set (10) is used for emitting first primary light; the second laser set (20) is used for emitting second primary light; the driving assembly (30) is used for driving the first laser set (10) to emit the first primary light in a first timing sequence and a second timing sequence, and driving the second laser set (20) to emit the second primary light in the first timing sequence and the second timing sequence; the wavelength conversion device (40) is used for converting the first primary light into converted light in the second timing sequence; and the light-combining assembly (50) is used for combining the first primary light and the second primary light in the first timing sequence, and combining the second primary light and the converted light in the second timing sequence. By means of the above method, the first primary light and the second primary light are combined, such that correction of the first primary light is realized to enable the first primary light to meet a preset color standard.