Provided is a method of managing memory in a multiprocessor system on chip (MPSoC). According to an aspect of the present invention, locality of memory can be reflected and restricted memory resources can be efficiently used by determining a storage location of a variable or a function which corresponds to a symbol with reference to a symbol table based on memory access frequency of the variable or the function, comparing the determined storage location and a previous storage location, and copying the variable or the function stored in the previous storage location to the determined storage location if the determined storage location is different from the previous storage location.