Myogaksa was established in May 1942 by Ven. Taeheo Hongseon in accordance with a geomantic prediction that Seoul residents would be at peace if a temple was constructed here. Based on a geomantic principle, Mt. Naksan, on which Myogaksa is located, corresponds to a land formation known as blue dragon on the left in regards to Seoul, and Myogaksa stands on the edge of the mountain.