Many works, banks and military sides competed in the league which was run with Spring and Autumn stages each year.
League records indicate that Cheil Industries shared the title in Spring 1964 after winning Group A and then drawing 0–0 with Keumseong Textile Company FC in the final at the Dongdaemun Stadium, Seoul on the 14 July 1964.
The club was disbanded in December 1971 but during its short 9-year history it was one of the leading sides in South Korea, featuring players such as Kim Ho, Moon Jung-sik and Park Byung-joo.
[4][5] In 1964 Cheil Industries provided three players, Kim Hong-bok, Cha Tae-sung and Lee Yi-woo, for the South Korea Olympics squad in Tokyo.
Other Cheil Industries players that represented their country were Chung Soon-choon, Lee Joon-ok, Seo Yoon-cha, An Won-nam and Hong In-woong.