This study is to analyze the movements of Yeombulgwajang, a section in Seungmu, a Korean traditional dance, from a perspective of Greimas’ semiotics. For the analysis of the study, the movement principles of “contraction and expression” and “tying and untying,” which were derived from the philosophies of Yin-Yang and Reincarnation embedded in Seungmu, were discussed through the idea of Greimas’s semiotic square. The relationships between contraction and expression and between tying and untying are deemed to be confrontational; the relationships between expression and untying and between contraction and tying are regarded as hypothetical; the relationships between tying and expression and between contraction and untying are seemed to be contradictory. The meanings of the dance may be formed and interpreted diversely based on the various combinations of these elements. The study contributes to demonstrating a new way of interpreting inherent meanings in Seungmu.