This east-facing, seated stone Buddha statue lies on the peak called Yongseondae west of Gwannyongsa Temple. The statue was built in the same style as the Bonjon Statue in the Seokguram Grotto and it is estimated to have been built in the Unified Silla Dynasty period.

On a big platform, the seated statue displays bhumisparsha mudra or hangmachokji-in (gesture of defeating the demons and touching the earth at the moment of enlightenment). The yukgye (a fleshy protuberance on the crown of the Buddha) is high and big on top of nabal (curly hair of the Buddha) and the Buddha has a square face and full cheeks.

The Buddha has the usual samdo (three wrinkles or lines on the Buddha’s neck or the three ways for a Buddhist to go through to attain enlightenment).

The Buddha is sitting in gyeolgabujwa or the full lotus posture (crossing both legs by putting the right foot on the left thigh first, then left foot on the right thigh) and is wearing the Dharma robe covering both shoulders. The body is not as robust as that of the statues built in the early Unified Silla Dynasty period but is still stable. It also shows the standard pattern on the lower body and gwangbae (the back illuminating adornment of the statues of Buddha) seems to be lost.

The upper stone pedestal is a semi-sphere and has carved double-petal lotus flowers on it. The middle pedestal is octagonal and each corner is shaped like a column.

In front of the statue, there is a pedestal which seems to have been the lower pedestal of a stone lantern and this structure is estimated to have been built around the same time.

The statue has the typical style of the statues of the Unified Silla Dynasty period and there is also a legend that if you sincerely pray to the statue, one of your wishes comes true.