There are provided a method of generating a ranging signal of a wireless terminal and a device for generating a ranging signal of a wireless communication system that can generate the ranging signal using one IFFT engine independently from a mode of the ranging signal transmitted in uplink in a wireless communication system in which a frequency interval of subcarriers used to generate an initial ranging signal and a frequency interval of subcarriers using periodic ranging are different. In this way, it is possible to decrease complexity of hardware and design of the wireless terminal, and decrease power consumption of the wireless terminal through hardware simplification.