Waegwan is the seat of government for Chilgok County, North Gyeongsang province, South Korea. It consists primarily of the administrative district of Waegwan-eup. It is situated on both sides of the Nakdong River, which is traversed by railroad, automobile and pedestrian bridges.

Waegwan is home to a Benedictine monastery and the United States Army base at Camp Carroll . It lies on the Gyeongbu Line of the Korean National Railroad, and is also connected to Daegu and other major cities via the Gyeongbu Expressway.

• Waegwan is also a historical term for the Japanese settlements established in Pusan, Ulsan, and Jinhae. It was later limited only in Pusan.