On 1 November 1988, Tongil Sports Co., Ltd. announced the organization of Ilhwa Chunma Football Club and chose Dongdaemun Stadium in Seoul as its home stadium. Then on 18 March 1989, 108 days after the announcement, the organizing ceremony was held at the Sheraton Walkerhill Hotel in Seoul.
Ilhwa Chunma participated in its first season as the 6th professional football team of Korean Professional Football League.
Lim Jong-Heon, Kim Hyun-Seok, Choi Chung-Il, Kim Young-Joo, Jang Chang-Soon, Park Jong-Dae, Yoo Seung-Gwan, Ko Jeong-Woon, Park Sang-Rok, Kim Kyung-Bum, Moon Won-Geun
Midfielder
Baek Jong-Chul, Ha Sung-Jun, Kim Yong-Se, Kim I-Ju, Nam Ho-Sang, Oh Dong-Cheon, Bang In-Woong, Ahn Ik-Soo, Jung Pyeong-Ryeol
Forward
Min Byung-Eun, Han Yeon-Su, Jang Jeong, Kim Ki-Wan, Park Doo-Heung, Son Woong-Jung, Kim Jae-So