The Yellow Sea Cold Water Mass (YSCWM) is an important component of the hydrodynamic system in the South Yellow Sea (SYS). However, its intricate interactions with the ambient flows over long time scales are not fully understood. This paper presents the analysis of the data set obtained from a seabed‐mounted Acoustic Doppler Current Profiler (ADCP) deployed for nearly 1 year in the western SYS. It allowed us to study the evolution of YSCWM, including the seasonal changes of tidal currents, near‐inertial oscillations (NIOs), and the wind‐driven currents due to typhoons and winter storms. Strong NIOs were found near the bottom of mixed layer and in the pycnocline with nearly opposite current directions, with maximum velocity of nearly 20 cm·s−1 in summer. The YSCWM can also inhibit the direct downward energy transport in the water column due to typhoons. Conversely, the hydrodynamic system also feeds back to influence the change of YSCWM. A large current shear (S) of 20 cm·s−1·m−1 is generated near the top of pycnocline. Generally, the intensity and depth of the pycnocline determine S's magnitude and vertical location, respectively. Based on the monthly averaged density profile data, the Richardson number and wavelet analysis, the NIOs are considered to be capable of inducing predominant shear instability around the pycnocline. However, the NIOs are not strong enough to influence the lower YSCWM. In addition, in autumn, each fortnightly spring tide corresponds with a bottom temperature increase of nearly 2°C, indicating that tidal currents are the leading hydrodynamic driving force to decline the YSCWM.