This study aims to analyze an evolutionary path and the dynamics of the Seoul Digital Industrial Complex in Korea based on the analysis of cluster life cycles. From the mid 1960s to the late 1990s, the life cycles and their characteristics of the Seoul Digital Industrial Complex (Guro Industrial Park) are examined as emergence-growth-sustainment-decline focused on the number of firms and employees. After the late 1990s, the number of firms and employees increases rapidly and the active actors of the growth and restructuring are transformed to the technology-intensive SMEs and knowledge-based service firms. Knowledge industry centers (apartment-type factories) help evolve into the life cycle of transformation as knowledge-based clusters after the mid 2000s.