Device and method for converting a format of a video signal in a digital TV receiver is provided. Format conversion can be carried out at one chip of a format converting device, inclusive of conversion of resolution, frame rate, scanning method, aspect ratio, color space, chroma format, and gamma correction. Therefore, the digital TV receiver is made to convert a wide range of video signals inclusive of, not only a digital TV broadcasting signal, but also analog TV broadcasting signal, and computer video signal, at one chip of system block. Moreover, the digital TV receiver is made to provide a variety of standards of format converted video signals, not only to the connected display, but also to other general video signal processing devices.