diff --git a/src/components/introduce/modals/ParticipantListModal.jsx b/src/components/introduce/modals/ParticipantListModal.jsx
index 54d9251..78cafa0 100644
--- a/src/components/introduce/modals/ParticipantListModal.jsx
+++ b/src/components/introduce/modals/ParticipantListModal.jsx
@@ -82,6 +82,13 @@ const ParticipantListWrapper = styled.div`
   overflow-y: auto;
 `;
 
+const NoExistListWrapper = styled.div`
+  color: ${palette.gray[6]};
+  font-size: 1.1rem;
+  text-align: center;
+  font-weight: bold;
+`;
+
 const StyledButton = styled(Button)`
   &:last-of-type {
     margin-left: .7rem;
@@ -105,13 +112,17 @@ const ParticipantListModal = ({
           <div>승인 여부</div>
         </ParticipantTitleWrapper>
         <ParticipantListWrapper>
-          {participants.length && participants.map((participant) => (
+          {participants.length ? participants.map((participant) => (
             <ParticipantList
               key={participant.id}
               participant={participant}
               onUpdate={() => onUpdate(participant.id)}
             />
-          ))}
+          )) : (
+            <NoExistListWrapper>
+              신청자가 존재하지 않습니다.
+            </NoExistListWrapper>
+          )}
         </ParticipantListWrapper>
         <div className="buttons">
           <StyledButton onClick={onClose}>닫기</StyledButton>
diff --git a/src/components/introduce/modals/ParticipantListModal.test.jsx b/src/components/introduce/modals/ParticipantListModal.test.jsx
index 36c40f4..11f51f4 100644
--- a/src/components/introduce/modals/ParticipantListModal.test.jsx
+++ b/src/components/introduce/modals/ParticipantListModal.test.jsx
@@ -24,62 +24,74 @@ describe('ParticipantListModal', () => {
   context('with visible', () => {
     const visible = true;
 
-    describe('Contents on the screen', () => {
-      const participants = [{
-        confirm: false,
-        id: 'test',
-      }];
+    context('with participants', () => {
+      describe('Contents on the screen', () => {
+        const participants = [{
+          confirm: false,
+          id: 'test',
+        }];
 
-      it('renders Modal text', () => {
-        const { container } = renderParticipantListModal({ visible, participants });
+        it('renders Modal text', () => {
+          const { container } = renderParticipantListModal({ visible, participants });
 
-        expect(container).toHaveTextContent('스터디 신청자 목록 🙋‍♂️');
-        expect(container).toHaveTextContent('신청서 보기');
-        expect(container).toHaveTextContent('test');
-      });
+          expect(container).toHaveTextContent('스터디 신청자 목록 🙋‍♂️');
+          expect(container).toHaveTextContent('신청서 보기');
+          expect(container).toHaveTextContent('test');
+        });
 
-      it('click button call close', () => {
-        const { getByText } = renderParticipantListModal({ visible, participants });
+        it('click button call close', () => {
+          const { getByText } = renderParticipantListModal({ visible, participants });
 
-        const button = getByText('닫기');
+          const button = getByText('닫기');
 
-        fireEvent.click(button);
+          fireEvent.click(button);
 
-        expect(handleClose).toBeCalled();
+          expect(handleClose).toBeCalled();
+        });
       });
-    });
 
-    context('When confirm is true', () => {
-      const participants = [{
-        confirm: true,
-        id: 'test',
-      }];
+      context('When confirm is true', () => {
+        const participants = [{
+          confirm: true,
+          id: 'test',
+        }];
 
-      it('event is called with user ID after clicking cancel button', () => {
-        const { getByText } = renderParticipantListModal({ visible, participants });
+        it('event is called with user ID after clicking cancel button', () => {
+          const { getByText } = renderParticipantListModal({ visible, participants });
 
-        const button = getByText('취소하기');
+          const button = getByText('취소하기');
 
-        fireEvent.click(button);
+          fireEvent.click(button);
 
-        expect(handleUpdate).toBeCalledWith('test');
+          expect(handleUpdate).toBeCalledWith('test');
+        });
       });
-    });
 
-    context('When confirm is false', () => {
-      const participants = [{
-        confirm: false,
-        id: 'test',
-      }];
+      context('When confirm is false', () => {
+        const participants = [{
+          confirm: false,
+          id: 'test',
+        }];
+
+        it('renders confirm button', () => {
+          const { getByText } = renderParticipantListModal({ visible, participants });
 
-      it('renders confirm button', () => {
-        const { getByText } = renderParticipantListModal({ visible, participants });
+          const button = getByText('승인하기');
 
-        const button = getByText('승인하기');
+          fireEvent.click(button);
 
-        fireEvent.click(button);
+          expect(handleUpdate).toBeCalledWith('test');
+        });
+      });
+    });
+
+    context('without participants', () => {
+      const participants = [];
+
+      it('renders "The applicant does not exist." text', () => {
+        const { container } = renderParticipantListModal({ visible, participants });
 
-        expect(handleUpdate).toBeCalledWith('test');
+        expect(container).toHaveTextContent('신청자가 존재하지 않습니다.');
       });
     });
   });