An apparatus and method for updating a named entity dictionary or a mining rule database using the named entity dictionary and a mining rule combined with an ontology schema is provided. The apparatus includes a named entity dictionary and mining rule database storage module storing the named entity dictionary and a mining rule database; a mining pattern generation module recognizing a terminology from a text and converting the terminology into the mining pattern; a named entity and mining rule search module searching for a corresponding named entity and a mining rule from the named entity dictionary and the mining rule database using the recognized terminology and the mining pattern; and a named entity dictionary update module estimating a named entity of the terminology using the mining rule and storing the estimated named entity of the terminology in the named entity dictionary depending on a user's selection.