Abstract: The present invention proposes a method and apparatus for correcting a motion of panorama video captured by a plurality of cameras. The method of the present invention includes performing global motion estimation for estimating smooth motion trajectories from the panorama video, performing global motion correction for correcting a motion in each frame of the estimated smooth motion trajectories, performing local motion correction for correcting a motion of each of the plurality of cameras for the results in which the motions have been corrected, and performing warping on the results on which the local motion correction has been performed.