A dual-mode mobile terminal that connects to synchronous and asynchronous mobile communication systems and a method for displaying accurate time information in the terminal. The terminal includes a timer and a controller. The timer generates an interrupt signal at a predetermined time. When entering an asynchronous communication mode, the controller starts the timer to generate the interrupt signal at the predetermined time. When receiving the interrupt signal from the timer, the controller connects to the synchronous mobile communication system to obtain accurate time information therefrom and then connects to the asynchronous mobile communication system to switch to the asynchronous communication mode.