Method and System for providing streamed game software on portable terminal

A system and method for providing streaming game software for a portable terminal are provided. The system includes a software producer, a service provider, a portable terminal, and a billing device. The software producer produces streaming software, and the service provider provides the software in a streaming mode. The portable terminal creates virtual computing resources by virtualizing and amplifying real computing resources for executing software and executes streaming software provided from the service provider based on the amplified virtual computing resource. The billing devices collects billing information, and calculates a cost according to a billing policy set based on the collected billing information.