The Buseoksa Monastery was established by a monk, Uisang, on the orders of King Munmu of Silla in 676, but little remains of the original structure. According to legend, the monastery became known as the Temple of the Floating Stone because a daughter of a Tang Chinese official fell in love with Uisang while studying in China. She warned Uisang of a possible attack on his homeland, and he returned home to warn his countrymen. The girl wanted to join him and rushed to the shore, only to see his ship had set sail. She flung herself into the sea and drowned, and her sacrificial act caused her to be turned into a dragon. Once Uisang had averted the possible attack, he set to building a temple.

The series of buildings that now make up the monastery are located on a mountainside terrace and dominate the valley. One building, the Jodasang, is dedicated to the memory of the now Venerable Seon Master, Uisang.

Wooden pillars with slightly curved sides are capped by joints in the shape of an inverted pyramid that support the roof eaves. Latticed windows adorn the south side of the building. The Muryangsujeon is one of the oldest wooden buildings in Korea and a beautiful example of Korean carpentry skills.