IBS Center for Molecular Spectroscopy and Dynamics (CMSD), located in the Seoul campus of Korea University, emphasizes developments of novel time- and space-resolved spectroscopy and imaging techniques and their applications to chemically reactive and biologically important systems. CMSD uses ultrashort duration pulses of light to generate stroboscopic movies of the molecular motions that lead to the chemical, biological, and physical transformations of condensed matter. We use a broad range of radiation sources to measure the dynamics of electronic and vibrational degrees of freedom in a wide range of systems, perform quantum chemical and molecular mechanical computations of dynamic systems in condensed phases, and develop novel linear and nonlinear optical imaging and microscopy technologies to monitor time-evolution of chemically and biologically reactive systems in real time.