A system and method for time synchronization between multimedia content and segment metadata. Time synchronization system of the present invention includes a content processor receiving and storing multimedia content containing first segment time information; a metadata processor receiving and storing segment metadata for the content containing second segment time information; a synchronizer extracting the first segment time information from the multimedia content and the second segment time information from the metadata in response to a request of a user, determining respective reference time points from the first and second extracted segment time information, correcting a relative time point of the content using a difference between the determined reference time points, and synchronizing the received content and metadata using the corrected relative time point; and a content segment browser forwarding the content segment request signal to the synchronizer and reproducing a plurality of segments of the content synchronized by the synchronizer.