The objective of this study is to evaluate the impacts on the domestic timber supply potential of forest resources management policies such as the extention of forest management infrastruture and setting aside more forest lands for the provision of environmental goods. To this end, the domestic timber supply functions were estimated using time series data for the period 1970-1990 and were used to predict the future trends in timber production in the Republic of Korea. For this purpose, a set of scenarios based on the forest road density and forest inventory growth were designed for the next 40 years. The timber supply behavior in Korea was found to be different by species group : domestic supply of softwood roundwood is inelastic with respect to its ovum price while that of hardwood elastic. The effect of forest road construction on the domestic timber production seems to be insignificant yet. The model simulation aided by policy scenarios revealed that the future timber supply potential will be largely restricted if the policy option with emphasis on the provision of environmental goods from the forest resources were adopted.