A mobile communication terminal having a multiparty video call function and a method for converting a mode of a multiparty video call are disclosed. The terminal includes an input unit that receives a command for selecting one of phone call modes and a controller that displays a menu for selecting a phone call mode on the display, when a request for a video call or video chatting with the third terminal is wirelessly transmitted or received while the mobile communication terminal is performing video call communication or video chatting, and maintains an established call mode or converts the established call mode to a different phone call mode according to a phone call mode selected through the input unit to perform multiparty video call communication.