An image processing apparatus includes: a color conversion LUT selecting section selecting a fundamental color conversion LUT from among a set of fundamental color conversion LUTs, preliminarily prepared in compliance with different combinations of fundamental ink colors, based on information of ink colors to be used in multicolor-printing and information of fundamental ink colors defining each fundamental color conversion LUT; a color converting section converting pixel values, associated with a multicolor original image, from a display color space of the selected fundamental color conversion LUT to an ink color space of the selected fundamental color conversion LUT; and a correction processing section correcting pixel values stored in the selected fundamental color conversion LUT, in the ink color space, based on feature points information of the ink colors to be used in the multicolor-printing and feature points information of fundamental ink colors defining the selected fundamental color conversion LUT.