This paper studies the Problems and Solutions for National University Finance & Accounting Act and Performance Based Annual Salary System in Korean National University. In this study, we reviewed the Finance & Accounting Act and Performance based annual salary system and surveyed faculties of national university. The sample size was the 261, and the 255 responses was analyzed. The survey questionnaires are about the pride and responsibility of professorship as an faculty of national university, the level of awareness, and the improvement points on National University Finance and Accounting Act and Performance Based Annual Salary System in Korean National University. The major survey results were as follows; 76.9% of respondents think that National University Finance and Accounting Act and Performance Based Annual Salary System have no relationship with the competitiveness of Korean National University. 69% of respondents think that due to the legitimacy of the previous accounting system for a school-supporting association, National University Finance and Accounting Act have no more justification. In the survey of Performance Based Annual Salary System, 87.1% of respondents think that the present Performance Based Annual Salary System will make worsen the relationship with other professors. 96.5 % of respondents think that total amount of Annual Salary of professor should be increased before the adoption of Performance Based Annual Salary System. And 92.5% of respondents think that cumulative Performance Based Annual Salary System that influence the pension even after retirement should be totally reexamined. 88.2% of respondents think that the adoption of National University Finance and Accounting Act and Performance Based Annual Salary System will eventually diminish the autonomy and the essential identity of Korean National University system because of the control of the central government. Based on this study, the following alternatives would be suggested. For National University Finance and Accounting Act, the total budget of the National University Finance should be increased annually and the autonomy of National University Finance and Accounting should also be increased, particularly, in the area of education, research and student guidance. For Performance Based Annual Salary System, the basic annual salary of professor should be increased. And the present cumulative Performance Based Annual Salary System should be changed to non cumulative Performance based Annual Salary System. For the public responsibility, autonomy of National University, National University Finance and Accounting Act and Performance Based Annual Salary System in Korean National University should be more deeply analyzed in the future.