The purpose of this study is to explore strategies for development which could help academic libraries expand and strengthen their significances in the midst of structural innovations for universities in Korea. In this study, the trend in changes in academic libraries affected by financial difficulties and structural reforms in universities is analyzed, and major issues and challenges that academic libraries have currently faced are investigated. Also, reviewed are strategies that major academic libraries in advanced countries have built, and it is suggested how to establish strategies for development and medium-and long-term plan for improving academic libraries, which should be carried out on the government level.