The present invention relates to a method of purifying yellow phosphorus, and more particularly, to a method of effectively removing impurities from yellow phosphorus used as raw materials of a phosphoric acid to increase purity of the phosphoric acid, the method including: removing impurities from the phosphoric acid by adding an oxidizing agent to the yellow phosphorus, followed by stirring; and adding a solution including an additive having a specific functional group in a chemical structure to the yellow phosphorus from which the impurities are removed, followed by stirring.