Provided are an apparatus and method for multicore emulation based on dynamic context switching. The apparatus for multicore emulation based on dynamic context switching includes a multicore emulation managing unit configured to transmit a signal for requesting determination of a core to be emulated among a plurality of cores, and a context switching managing unit configured to receive the signal for requesting determination of a core to be emulated from the multicore emulation managing unit, determine an ID of a core to be emulated according to the received signal, and executing emulation on a core corresponding to the determined core ID.