Disclosed is a video encoding apparatus having an audio selection function and a method thereof which enables input of diverse audio signals and improves the quality of video/audio data in a camcorder phone by selectively applying a plurality of audio input units to a video encoder in a camcorder phone. The video encoding apparatus having a plurality of audio input units, includes a video acquisition unit for acquiring and transferring input video information, an audio selection unit for receiving audio information from the audio input units, and selecting at least one audio path for transferring selected audio information from among the received audio information, and a video encoder for generating a multimedia file in which the video information and the audio information are combined by synchronizing and combining the video information acquired by and transferred from the video acquisition unit with the specified audio information transferred through the audio selection unit.