A mobile terminal and a control method therefor are disclosed. The mobile terminal includes a body, an input unit configured to receive user input, a display coupled to the body to vary a display region viewed from a front face of the body according to switching between an enlarged display mode and a reduced display mode, and a controller. The controller receives a first signal in a state in which at least two applications are being executed in split regions of the display, controls output of an icon according to the first signal, controls selection of at least one region among the split regions based on a second signal for the icon, and controls a function of an application which is being executed in a selected region based on a third signal for the icon.