Disclosed herein is a dual SIM terminal and an operating method thereof for supporting dual standby and single talk using a single baseband. The dual SIM mobile terminal may include a controller which is a single chipset, a dual SIM, and two radio frequency (RF) units, thereby having an effect capable of providing a service at the same level as a dual SIM using two mobile terminals even with one mobile terminal. Furthermore, dual SIM switching is performed according to a state of the network, a pricing system, and a user's setting, thereby providing the user's desired service.