The stadium opened in March 2019 and has a seating capacity for 12,419 spectators.

[3] During the construction, the working name of the stadium was Daegu Forest Arena.

[4][5] However, this name cannot be used when hosting AFC events, since these governing bodies have policies forbidding corporate sponsorship from companies that are not official tournament partners.

In AFC club matches, it is known as the Daegu Forest Arena.

In January 2025, the stadium name was changed to Daegu iM Bank Park.