Provided are an apparatus and method for maintaining an constant extinction ratio of a laser diode (LD). The apparatus includes: an automatic power control circuit maintaining the constant optical power of the LD; a correlation deriver deriving correlations between a bias current of the LD and a modulation current to maintain the constant extinction ratio of the LD; and a modulation current control circuit controlling the modulation current to maintain constant the extinction ratio of the LD based on the correlations. The apparatus and method do not use a temperature sensor but derive a relationship between variances of a bias current of the LD and a modulation current according to temperature change, control the modulation current based on the relationship, and maintain the constant extinction ratio of the LD.