Bangok Seowon was built in 1704 to commemorate the outstanding academic achievements and virtuous deeds of Song Si-yeol, a renowned civil official of the late Joseon Dynasty. The establishment of this academy was led by a group of Confucian scholars in the Geoje area, including Yun Do-won, Ok Sam-heon, Kim Il-chae, Yun Myeong-han, Heo Yu-il, and Sin Su-o.

Later, the spiritual tablets of other Confucian scholars were also enshrined in this academy, including those of Kim ]in-gyu, Kim Chang-jip, Yijung-hyeop, Min ]in-won, and Kim Su-geun. The academy was abolished in 1868, in accordance with the royal decree enforced by Prince Regent Heungseon. However, in 1906 the local Confucian literati built an altar and a memorial monument on the former site of the academy in order to hold a ceremonial rite every autumn.

In 1971, Yun Byeong-jae, the head of Geoje Hyanggyo, Local Confucian School, proposed the restoration of Bangok Seowon, and the reconstruction of Uamsa Shrine was completed in 1974. During the reconstruction, building materials from three demolished traditional houses in the neighborhood were used to recover the original appearance of the lecture hall. Another extensive restoration project was conducted, again for three years, from 2010 to 2012.

The buildings of Bangok Seowon are arranged in accordance with the typical layout of Confucian academies and schools, in which the educational buildings stand in the front of the compound. and the shrine buildings to the rear. Among them, Dongnokdang (hall) is a shrine for Jeong Hon-seong, a Confucian sage who was highly praised by the noted civil official and calligrapher Kim Jeong-hui.