An internal voltage generator of a smart card and a smart card including the same. The internal voltage generator may include: a mode detector that generates a mode signal indicating a contact mode or a contactless mode; a low-drop out (LDO) regulator including an error amplifier, where the LDO regulator is responsive to the mode signal to: in the contact mode, drive the error amplifier with a second driving voltage to generate an error voltage, and regulate the second driving voltage based on the error voltage to generate a first output voltage, and in the contactless mode, drive the error amplifier with the first driving voltage to generate the error voltage, and regulate the second driving voltage based on the error voltage to generate the first output voltage.