The present invention relates to a manufacturing method of fermented extracts of steamed and dried ginseng and a health promoting functional food composition and a cosmetic composition using the same. The manufacturing method of fermented extracts of steamed and dried ginseng comprises the steps of steaming and drying washed ginseng berries; fermenting the dried ginseng berries by using lactic acid bacterium; naturally drying the fermented ginseng berries; and extracting the naturally dried ginseng berries. According to the present invention, processed ginseng products with a large amount of ginsenoside are obtained by using ginseng berries wasted in farms raising ginseng. In addition, the content of ginsenoside Re can be increased among obtained extracts wherein the ginsenoside Re has greater antidiabetic effects, anti-oxidant effects, and an effect of protecting liver compared to other ginsenoside derivatives.
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