The NNE–SSW-striking Yangsan Fault in southeastern Korea has been regarded as one of the most prominent seismogenic structures in the Korean Peninsula on the basis of instrumental and historical seismicity, and paleoseismic records along the fault zone. Its seismic behavior is, however, still uncertain due to long recurrence intervals of strong earthquakes and insufficient historical and geologic records. We conducted a detailed paleoseismic investigation, including an 8 m-deep excavation, in order to understand recent earthquake-faulting events along the Southern Yangsan Fault. Our observations indicate that at least two and possibly four dominantly strike-slip surface-faulting events have occurred along a subsidiary fault in the eastern boundary of the fault valley since the late Pleistocene. Stratigraphic features and OSL ages of the stratigraphy exposed in the trenches indicate that the most recent rupture(s) occurred after 29.2 ± 1.4 ka and the timing of earlier ruptures are constrained to between 70.0 ± 3.7 ka and 29.2 ± 1.4 ka. Using a contact of the oldest dated unit that has at least 7.5 m of vertical separation, we calculate a minimum vertical slip rate during the late Quaternary of 0.11 mm/yr. The minimum horizontal slip rate is presumed to be two times that of the vertical slip rate based on striations observed on clasts next to the fault core. We also propose that the late Quaternary earthquake-faulting kinematics along the Yangsan Fault, expressed as contractional dextral slip with east-side-up geometry, is strongly dependent on a pre-existing fault zone architecture with a strike of N10–20°E that dips to the east, and the direction of neotectonic maximum horizontal stress (ENE–WSW to E–W).