Less than a year after the government of the Republic of Korea was established in 1948, the first official women's football matches were held in Seoul on 28 and 29 June 1949, as a part of the National Girls' and Women's Sport Games. While women's basketball and volleyball won public recognition through the Games, was seen as being unsuitable for women and as being unattractive to the public; as a result, the girls' teams were disbanded soon after the event.
When women's football was officially adopted at the 1990 Asian Games in Beijing, the Korean sports authorities decided to form a women's team with athletes from other sports and send the team to the Games. The result was defeat in all matches against , , and . Nevertheless, colleges and corporations started to launch women's football teams through the 1990s and the first annual national women's football event, the Queen's Cup, was held in 1993. With these changes, South Korea was able to finish in fourth place at the 1995 AFC Women's Championship in Malaysia.
When the 1999 Women's World Cup sparked interest worldwide, the Korean ministry in charge of sports sponsored the foundation of new teams and tournaments for girls’ high school teams, university teams and company teams. To promote women’s football, the Korea Women's Football Federation (KWFF) was established in March 2001, as an independent organization in association with the (KFA).
2003–2013: First World Cup and a period of decline
South Korea finished in third place at the 2003 AFC Women's Championship and qualified for the World Cup for the first time. The Taegeuk Ladies were drawn in Group B with , and . Their first match played at the World Cup was a 3–0 loss to Brazil on 21 September 2003. They went on to lose 1–0 to France and 7–1 to Norway. Kim Jin-hee scored the first ever South Korean World Cup goal on 27 September 2003 against Norway.
Despite winning the inaugural on home soil in 2005, South Korea failed to qualify for the 2007 FIFA Women's World Cup. The Taegeuk Ladies won bronze at the and at the , but once again failed to qualify for the 2011 FIFA Women's World Cup.
2014–present: Second World Cup
South Korea finished in fourth place at the 2014 AFC Women's Asian Cup and qualified for the 2015 FIFA Women's World Cup, where they made it out of the group stage for the first time. They were drawn in Group E with , and . South Korea lost 2–0 to Brazil on 9 June 2015, but a 2–2 draw with Costa Rica on 13 June and a 2–1 victory against Spain on 17 June were enough to progress. They went on to lose 3–0 to in the round of 16 on 21 June 2015.