Located at a temple site in Yongjanggye Jigok on Namsan Mountain, Gyeongju, this stone pagoda was restored in 2002 following two excavations conducted in 2000 and 2001, by using the original stone blocks which lay scattered around the site. There is no record of when the pagoda was originally built, but the discovery of roof-tile fragments with inscriptions, including the Chinese character ""Yong"" (茸), suggests a connection with Yongjangsa Temple. The Yongjangsa Temple site also contains a three-story stone pagoda, a rock-cut Buddha in sitting position, and a stone statue of seated Buddha. These and other discoveries made at Yongjanggye Jigok, including roof-tile fragments, buncheong and white porcelain ware shards, suggest that the temple with which this particular stone pagoda was associated was established during the late ninth century and survived until the Joseon period (1392-1910).
The pagoda exhibits the style of stone brick pagodas, and appears to have been built around the same time as the Seoak-dong stone pagoda and the East Three-story Stone Pagoda of Namsan-dong. It is also significant that the pagoda stands at its original location and is in comparatively good condition, with part of the filial remaining intact.