1. A method of utilizing an image based on location information of the image in an electronic device, the method comprising: displaying an image; setting a region of interest (ROI) on the image; obtaining location information associated with the ROI; and storing the obtained location information together with an image of the ROI, wherein the storing of the obtained location information together with the image of the ROI comprises: displaying a clip board that stores clipped and copied objects; and displaying the image of the ROI by moving the image of the ROI to a location of the clip board.