A location information sharing system includes an emergency call system and a navigation system provided in a vehicle, wherein the emergency call system comprises a first initial location calculation unit for generating a first initial location by receiving a global navigation satellite system (GNSS) or a global positioning system (GPS) signal transmitted from a GNSS or GPS satellite, a first compensation location calculation unit for generating a first compensation location compensated from the first initial location, a first transmitting/receiving unit for receiving a second initial location and a second compensation location transmitted from the navigation system, and a first control unit for outputting one location information of the first initial location, the first compensation location, the second initial location, and the second compensation location.