This paper reviews issues and methodological status of system dynamics and suggest some research agenda for its development in Korea. After reviewing some characteristics of system dynamics approach, including dynamic feedback perspective and endogenous point of view, the paper pointed out methodological characteristics of system dynamics. It seems to be the most notable characteristics of System Dynamics that it use both quantitative and qualitative approach in explaining and modelling reality. Besides, System Dynamicists rely more heavily on refutationism than instrumentalism and this allows System Dynamicists follow more strict way of scientific inquiry. For the development of System Dynamics in Korean academic circle, developing training program and curriculum, networking scattered System Dynamicist all over the country, would be the most important task.