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Magma [Magama/Mageuma], Yonsei University: “Sun [haeya]” live at 1980 MBC College Musicians Festival
https://www.youtube.com/watch?v=UCBHUcdYCWo

Additional info on Magama here:
http://www.dramabeans.com/members/pakalanapikake/activity/1032713/#acomment-1034204

The record sounds much better than the monaural TV broadcast, but it’s fun to see the band in action. Be sure to listen with headphones, and crank it up enough. I just wish the guitar stood out more, especially in the left channel. It occasionally pops up in the right channel, too. The distortion muffles it at times, and the lead singer’s bass is a bit too loud, IMHO. But I like the lead and backing vocals a lot.

https://www.discogs.com/%EB%A7%88%EA%B7%B8%EB%A7%88-Magma/release/2755658

Personnel
Moon Young-sik, drums
Kim Kwang-hyun, guitar
Jo Ha-moon, bass & lead vocals

per Google Translate:

1980 4th University Song Festival Silver Award
Lead Vocal: Jo Ha-moon
One of the best songs of domestic rock music.

Lyrics:

You have to be fine buried in the dark
A sad face waiting for the morning
When the darkness clears and the sun spreads, it will sting.

You have to do it, if you laugh
I like it alone
You have to be fine buried in the dark
A sad face waiting for the morning

Should float, should float, should be red, rise
You have to be fine, eat all the darkness

I hate a sad moonlit night in a valley like tears
I hate the moonlit night in a nobody’s garden
Should float, should float, should be red, rise
You have to be fine, eat all the darkness

I hate a sad moonlit night in a valley like tears
I hate the moonlit night in a nobody’s garden
Should float, should float, should be red, rise
You have to be fine, eat all the darkness

Should float, should float, should be red, rise
You have to be fine, eat all the darkness
Should float, should float, should be red, rise
You have to be fine, eat all the darkness

Interpretation in comments on this copy of song:
https://www.youtube.com/watch?v=5Pucv_XYEu0

arajoaina 1 day ago (edited) [i.e., 20200418]
Ami2404 it’s basically protest rock wishing the dark hours pass and the new sun to rise and shine. It goes something like; sun sun, that’s buried in darkness devour all the darkness and rise up on high. Lots of pure people are waiting for you t…

Many thanks to windmillsofmusic for posting the song, and commenters arajoaina for requesting, and Ami2404 for providing, a synopsis of the lyrics. 😉