The purpose of this study is to propose established factors and a model of collection development policies for the libraries of theological universities in Korea. To achieve purpose of the study, we analyzed of elements and details of collection development policies at libraries of theological universities in overseas. The study then conducted a survey to understand the current status of collection development policies at libraries of theological universities in Korea. Based on the above results, reflecting both the external and the internal factors, the investigator presented a model of collection development policies by identifying seven elements that should be included when developing the policy: prefaces, collection selection, collection gathering, budget, collection maintenance, mutual cooperation and intellectual freedom, and revision of collection development policies.