The venue opened in September 1928 as Busan Municipal Stadium (부산 공설 운동장).

It was also the main venue for the 1997 East Asian Games, hosting the opening and closing ceremonies, as well as the athletics and football competitions.

Additionally, Busan Transport Corporation have played their home games at the venue since 2006.

On 17 July 1959, 67 people died after heavy rains caused a crowd to rush into a narrow entrance.

[5] A total of 675 million won was spent on the stadium before the tournament to improve the electronic scoreboard and other facilities.