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The area of the Site of Concubine Jang Huibin’s Well has been associated with Yeonhui Palace, a detached palace since the early Joseon Dynasty. It has been associated with palace grounds, courtyards, main buildings, and the royal family's first mulberry orchard. It has been passed down by the name Seojamsil, known as the Site of Concubine Jang Huibin’s Well.
The first palace in this area was used as a refuge palace by King Jeongjong, who abdicated the throne to his younger brother, King Taejong, in the 3rd year of King Jeongjong's reign (1400). Later, in August of the 7th year of King Sejong's reign (1425), the palace was renamed Yeonhui Palace. It is said that there were wells in various places within the palace grounds due to the presence of palace officials and palace women. Among them, the preserved well is called the Site of Concubine Jang Huibin’s Well.
During the reign of King Sukjong (1674-1720), Huibin Jang (1659-1701), who followed Queen Inhyeon, who was deposed, briefly stayed at this place as a concubine, but there is no proof she drank from the well. Over time, oral tradition in Yeonhui-dong has perpetuated the belief that "this well is where Huibin Jang drank water," upheld by generations of elders. Consequently, it was chosen for restoration as a part of the community's treasure-hunting initiative.