Disclosure relates to a method of sharing a session key between wireless communication terminals using a variable-length authentication code. The method includes: generating a public key by using an own private key; generating a message including the public key and a first random number and encoding the message using an own secret key to exchange an encrypted message with the other terminal; decoding the encrypted message of the other terminal by receiving a secret key of the other terminal; generating an authentication code by calculating the first random number and a second random number included in the decoded message; obtaining a medium value from the authenticated code; and generating a session key by using a public key included in the decoded message of the other terminal.