A refrigerator and a dehumidification control method thereof to effectively perform both temperature compensation and dehumidification so as to prevent formation of dewdrops in a refrigerating compartment of the refrigerator. The control method includes detecting a temperature of outside air around the refrigerator to judge whether or not the detected temperature corresponds to a low-temperature mode requiring dehumidification, heating a refrigerating compartment by operating a refrigerating compartment heater and a refrigerating compartment fan for dehumidification if the low-temperature mode is judged, cooling the refrigerating compartment by operating a compressor while continuously operating the refrigerating compartment fan, and simultaneously cooling and heating the refrigerating compartment to enable simultaneous implementation of temperature compensation by heating of the refrigerating compartment and dehumidification by cooling of the refrigerating compartment.