The Taebaeksan Basin is located in the mid‐eastern part of the southern Korean Peninsula and tectonically belonged to the Sino‐Korean Craton (SKC). It comprises largely the lower Paleozoic Joseon Supergroup and the upper Paleozoic Pyeongan Supergroup which are separated by a disconformity representing a 140 myr−long hiatus. This paper explores the early Paleozoic paleogeographical and tectonic evolution of the Taebaeksan Basin on the basis of updated stratigraphy, trilobite faunal assemblages, and detrital zircon U–Pb ages of the Joseon Supergroup. The Joseon Supergroup is a shallow marine siliciclastic‐carbonate succession ranging in age from the Cambrian Series 2 to Middle Ordovician. The Ongnyeobong Formation is the sole Upper Ordovician volcanic succession documented in the Taebaeksan Basin. It is suggested that in the early Paleozoic the Taebaeksan Basin was a part of an epeiric sea, the Joseon Sea, in east Gondwana. The Joseon Sea was the depositional site for lower Paleozoic successions of the SKC. Early Paleozoic sedimentation in the Joseon Sea commenced during the Cambrian Stage 3 (∼ 520 Ma) and ceased by the end of the Darriwilian (∼ 460 Ma). In the early Paleozoic, the SKC was located at the margin of east Gondwana and was separated from the South China Craton by an oceanic basin with incipient oceanic ridges, the Helan Trough. The spreading oceanic ridges and associated transform faults possibly promoted the uplift of the Joseon Sea, which resulted in cessation of sedimentation and break‐up of the SKC from core Gondwana by the end of the Ordovician.