A memory system includes a memory device comprising a plurality of memory cells storing data, and configured to perform one or more of a write operation, read operation and erase operation on the plurality of memory cells; and a controller configured to control an operation of the memory device, wherein the controller is configured to: cache a logical block addressing (LBA) mapping table from the memory device when the memory system is powered on by driving power applied thereto; and transfer a direct memory access (DMA) setup to a host when the LBA mapping table is cached.