The present invention relates to a positive active material for a lithium-sulfur battery and a method of preparing a positive active material composition comprising the same, and the positive active material includes a sulfur compound, a conductive agent adhered to the sulfur compound, and a binder including at least one polymer, which is positioned between the sulfur compound and the conductive agent to bind the conductive agent to the sulfur compound. The capacity per active mass weight of the positive active material increases by 25 to 35%, and the positive active material has improved discharge potentials and discharge capacity at high rate.