Disclosed is a method of controlling drive speed of a motor operating in overload conditions. The method includes the steps of: driving the motor at a predetermined reference speed; detecting phase voltage and phase current applied to the motor; determining whether or not the motor is operating in overload conditions based on the detected phase voltage and phase current; and controlling the motor according to whether or not the motor is operating in overload conditions. Accordingly, the present invention can prevent occurrence of over-current due to the instantaneous acceleration of the motor to a predetermined initial speed.