The stadium was built from 18 December 1998 to 28 April 2001 and its total cost was 151.4 billion won (US$116.5 million).
Located in a major industrial city, the Ulsan Munsu football Stadium contains both mechanical and environment-friendly imagery. The overall shape of the stadium is in the shape of skull crown that symbolizes Silla and Bangudae Petroglyphs. The stadium has three floors and 2 basement floors and a seating capacity of 44,102. There is also an auxiliary stadium with 2,590 seats. Next to the stadium is Munsu Park with a lake, a fountain and bicycle courses, lakeside square. It replaced Ulsan Complex Stadium. The venue hosted several 2002 FIFA World Cup matches.