A photographing apparatus including an imaging device configured to obtain a first image of a subject captured with a long shutter exposure time and a second image of the subject captured by setting a short shutter exposure time, wherein the long exposure time is greater than the short exposure time; and a live-view generation unit configured to generate a smear-corrected third image by subtracting pixel values of the second image from the corresponding pixel values of the first image. A smear correction method of a photographing apparatus, the method including capturing a first image of a subject by setting a long electrical shutter exposure time; capturing a second image of a subject by setting a short electrical shutter exposure time; and generating a smear-corrected third image by subtracting pixel values of the second images from the corresponding pixel values of the first image.