A method of sharing information between mobile terminals using a local wireless communication network is disclosed. The method includes setting information stored in a first mobile terminal with one of at least two security levels; if registration is requested by a second mobile terminal, registering an identifier of the second mobile terminal and an access rights level of the second mobile terminal to the information set with a security level; if a local wireless communication link is formed with the second mobile terminal, displaying a list of information set with a set security level corresponding to the access rights level of the second mobile terminal; and sharing the displayed information according to a request from the second mobile terminal. According to the present invention, information stored in a mobile terminal may safely be shared with another mobile terminal in a local wireless communication area.