A method is provided a method for transmitting data in a MIMO communication system. The method includes receiving feedback information including channel quality information of transmission antennas from terminals; selecting one of a multi-user mode and a single user mode according to the channel quality information; extracting information for the selected mode from the feedback information; selecting at least one terminal and a preceding matrix of at least one transmission antenna through which data is transmitted according to the extracted information and the selected mode; and transmitting data using the selected precoding matrix and information of the selected terminal.