The structure and dynamics of Korean red pine stands established in the riparian zone were studied in the Tsang stream in Mt. Seorak National Park, in east-central Korea. Pine stands were classified into four successional stages, the initial, establishing, competitive, and stabilizing stages, based on the age distribution of a dominant tree, Pinus densiflora, the vegetation stratification, and the microtopography of the riverine environment. The stages usually corresponded to disturbance frequencies, depending on the horizontal and vertical distances from the watercourse. Stands of the initial and establishing stages lacked tree or subtree layers, or both. As stands progressed through the developmental stages, soil particle size became finer and moisture retention capacity was improved. The stand ordination reflected the developmental stage, and the species ordination differentiated species specializing in relatively dry and wet habitats. The results of the analysis of vegetation dynamics provided ecological information which will be useful for understanding the developmental processes of vegetation established in riparian zones. Species diversity indices usually increased across developmental stages, following the typical pattern for successional processes. We discuss the importance and necessity of riparian vegetation in Korea, where most riparian forests have disappeared due to excessive human land use.