The purpose of this article is to discuss both management philosophy and development strategies that Korean university libraries should have and follow for a healthy and steady development in such a rapid and dynamic digital environment. To the end, the substance of the undergoing 'environmental change' was identified, and the needed new roles and functions of university libraries were also analyzed. Also discussed is the intrinsic limitations of university libraries which might have negative impacts on the libraries' active effort to cope with such changes. Finally, this article suggests that both philosophical and practical strategies and methods in order for the university libraries to overcome such limitations and to prosper in the near future.