Officially, the club was founded on 18 March 1989 as "Ilhwa Chunma Football Club" (Chunma is known in Korean culture as the winged horse that the Jade Emperor riding in heaven) and the club based in Seoul became the sixth member of the Korean Super League. The foundation ceremony was held in Sheraton Walkerhill Hotel in Seoul. Korea Football Association helped the club to form a team quickly by giving the permission to have six priority picks out of players from Honam regions in the 1989 K League draft. The club has chosen six players, including Ko Jeong-woon and signed Park Jong-hwan as the head coach. The contract with Park was a lucrative deal back then, deposit 100 million KRW with 48 million KRW as annual salary.