As circumstances of scholarly communication have been changed over time, there is a growing interest among academic institutions in collecting, preserving, and creating value-added services from digital contents being created by members of the academic community. The purpose of this study is to build an open access based Institutional Repository(IR) in the university for scholarly communication. For this study, this paper analyzes the example of, and makes a full range of process and implementation plan, and then suggests a realistic model of IR which is for dissertations/theses, academic journals, working papers, etc. The intellectual property right issues related to IR are also discussed.