Abstract: Device and method for converting a frame rate, is disclosed, in which a motion compensated frame is newly produced in converting a frame rate, particularly, in a digital TV of a PAL or NTSC system, a motion component compensated separate frame is provided between frames and displayed to horizontal/vertical synchronizing signals two times faster than an original frequency for eliminating flicker, and in a case when a video signal of a film rate is converted into a video signal of a frame rate of PAL or NTSC system, motion component compensated new frames are produced for converting the frame rate for preventing blurring occurred in motion portions. And, by differently compensating motion components of N frames inserted between two frames and processing the frames in real time, a slow motion can be displayed smoothly without any separate memory.