A mobile terminal including a body and a display module, which is flexible and is capable of receiving a touch input and a method of controlling the mobile terminal are provided. The method includes setting the touch sensitivity of a display module to a first level; if the display module is bent or folded, setting the touch sensitivity of a bent or folded portion of the display module to a second level; and if the display module is unbent or unfolded and thus returns to its original shape, setting the touch sensitivity of the bent or folded portion of the display module back to the first level. Accordingly, it is possible to adaptively adjust the touch sensitivity of the display module according to whether and how the display module is bent or folded.