The purpose of this study was to derive considerations for establishing a strategy for physical assets utilization within university and establishing a university shared environment for the flagship national university to function as an active platform in the local community. For this purpose, this study analyzed space-sharing activities between universities and local communities and reviewed the legal and institutional grounds for university space-sharing. Currently, Korean national universities have a legal basis for operating land or buildings on their income under the University Accounting Act; however, except for commercial renting, most university space-sharing is now focused on students, faculty, and staff's use. Also, Korean national universities already established a space-sharing platform that allows outsiders to access using KORUS, a national university administrative and financial system. But the academic management system is not linked to KORUS, there is a limitation that all information needs to be typed and managed manually. Therefore, this study suggests organizing a separate organization in charge of space rental and space management and upgrading the KORUS system.