Disclosed is a video-ready Internet telephone which is compatible with a VoIP (Voice over Internet Protocol) telephone providing a voice communication service over the Internet. The video-ready Internet telephone includes a video processing module for converting a digital video signal into an analog video signal by using a communication protocol for video or converting an analog video signal applied thereto into an digital video signal for transmission through the Internet; and a video input/output module operated in cooperation with the video processing module, for receiving an analog video signal from a camera or receiving the converted analog video signal from the video processing module and displaying corresponding analog video data in response to the received analog video signal on a liquid crystal display (LCD).