For example, "library" is pronounced "tu-shu-guan" in Chinese, "do-seo-gwan" in Korean, and "to-sho-kan" in Japanese. All three can be written with the same characters, "圖書館". In modern Korea, though, people use Hangul, so very few Koreans actually know how to write "library" in Chinese characters. In Japan, Chinese characters are still heavily used, but for difficult ones, they often write kana alongside them as a reading aid.
It's very much like how Latin "universitas" became "university" in English, "universidad" in Spanish, and "università" in Italian.