A mobile terminal includes an apparatus configured to perform content management method. When a DRM content that is not playable owing to license expiration is found during the content playback mode, the non-playable DRM content can be removed, moved to a pre-specified folder, or license-renewed according to settings. The content management method includes: playing back a content selected from a given content list during a content playback mode; finding, during the content playback mode, an expired DRM content that is not playable owing to license expiration; determining, when an expired DRM content is found, a handling option for the expired DRM content; and performing one of deleting the expired DRM content, moving the expired DRM content, and renewing the license associated with the expired DRM content, according to the determined handling option.