Yeungnam University was established in 1967 through the merger of Daegu College, founded in 1947, and Chunggu College, founded in 1950. Lee Dong-nyoung was inaugurated as the first chairperson of the board of trustees. That same year, the university was officially approved by the Ministry of Education to begin with six colleges: the College of Liberal Arts, the College of Engineering, the College of Law and Political Science, the College of Commerce and Economics, the College of Pharmacy, and Evening Programs. At the outset, the university offered 35 undergraduate departments and 12 graduate departments. On January 1, 1968, Shin Ki-suck was inaugurated as the university's first president, and in 1969, construction of the main campus in Gyeongsan commenced. In the early 1970s, the Graduate School of Management and Graduate Departments of Korean Language and Literature, Law, and Economics were established. Subsequently, the Main Administration Offices, College of Liberal Arts, College of Law & Political Science, and College of Commerce and Economics were relocated from the Daegu campus. In the mid-1970s, the 21-story main library, serving as faculty offices, and the main administration building were completed. In the 1980s, Yeungnam University Hospital, the Foreign Language Institute, and the University Museum were also established.