Yeongbingwan, inaugurated in December 1978 following its construction commencement in January of the same year, is a building where official events such as banquets and receptions are held when foreign dignitaries like presidents and prime ministers visit. The four columns on the front of Yeongbingwan, each 13 meters tall, with a circumference of 3 meters and weighing 60 tons, add to the grandeur of the building.

The interior of Yeongbingwan is adorned with motifs of Mugunghwa (the national flower of Korea), the Taeguk (symbol of peace), and laurel (symbol of peace). The first-floor hall was used to greet foreign dignitaries, while the second floor was used to host large luncheons and banquets.

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