A display system and a method of controlling the same are provided The display system includes a display apparatus which displays an image based on a received image signal; at least one peripheral device which adjusts an environment peripheral to the display apparatus; at least one state adjusting device which adjusts a state of the peripheral device; and a first user terminal which controls the corresponding state adjusting device such that the state of the peripheral device is adjusted to a preset initial state, when a connection with the display apparatus is made, and transmits the image signal to the display apparatus. Accordingly, the display system is capable of being operated automatically adaptively to a meeting environment.