It was reopened on 1 May 2004, by Seoul Metropolitan Government, with the purpose of providing the public an open space.

It is part of the city's plans for environmentally friendly renovation projects such as the Cheonggye Stream and Gwanghwamun Plaza.

[2] The site was originally a traffic square with a 40-year-old fountain that was demolished and the nearby space was renovated.

An underground water tank was installed along with 48 lighting around the grass square.

[7][8] Every winter since 2004, the Plaza has hosted an open air ice-rink from mid-December to February the following year,[9] following which are replaced with green lawn and the fountain operational again.