Following the success of detecting fringes on KVN (Korean VLBI Network), a phase referencing observation is currently planned in order to achieve a better sensitivity in mm-VLBI. The high frequency observation ($geq$ 22 GHz), wide bandwidths (~512 MHz) and high speed data recording (~1 Gbps, Mark5B) will result in resolution and sensitivity improvement on KVN. In particular, two powerful techniques of VLBI phase correction by fast-antenna switching and multi-frequency phase referencing are also introduced in KVN, hoping to resolve the problem of atmospheric delay errors which degrade the coherence significantly. In this study, we have compared the expected performance of phase referencing between fast antenna switching and multi-frequency phase referencing and discussed the essential condition and postulates of phase referencing for KVN.