A thermoplastic elastomer composition comprises (A) about 25 to about 55 parts by weight of a block terpolymer including an aromatic vinyl compound and an alkene compound; (B) about 20 to about 50 parts by weight of a paraffin oil; (C) about 5 to about 15 parts by weight of a polyolefin resin; (D) about 5 to about 20 parts by weight of an inorganic additive; and (E) about 3 to about 15 parts by weight of a polyphenylene ether. The thermoplastic elastomer composition can have excellent physical properties, such as flexibility (or resilience), surface hardness, and restoring force at high temperatures.