Yungdrung Bon is the pre-Buddhist spiritual tradition of Tibet. In fact, it is the original Buddhist religion of Tibet and Tibetan people originated from Zhang Zhung. Yungdrung Bon was taught by Buddha Tonpa Sherab in Wol-mo Loong-Ring (Shambala). The Buddha's history can be traced back to over 18,000 years. The Buddha was born as prince, married and had family. During his life time, he paid a visit to Tibet direct from Wol-mo Loong-ring via Gang Wal-so Rawa (Mount Wal-so Ra-wa). During that visit, the Buddha and his entourage found Tibet a barren land. He taught the indigenous people some causal Bon (Gyu-yi Bon) aspect of teachings, such as healing arts, prayer flag hoisting and medicinal plant fumigation etc. He however, prophesied that his emanation will come to the land and introduce resultant Bon (Dre-bui Bon) teachings.

Later, the first King of Tibet Nya-tri Tsed-po, particularly his son Mutri Tsed-po the second King of Tibet, took the task of importing Yungdrung Bon teaching from the neighbouring country Zhang Zhung. According Yungdrung Bon sources, 108 Royal scholars of Zhang Zhung were entrusted to translate Yungdrung Bon teaching from Zhang Zhung language into Tibetan language. That is how Yungdrung Bon was imported into Tibet by these kings.

Beginning from 8th century, Tibetans also imported Dharma from India. Since then, Tibet had two major religious traditions; Yungdrung Bon and Dharma. Yungdrung Bon has five sub-schools and Dharma with five sub-schools under their umbrella respectively. Both the traditions emphasise the generating of indiscriminate love and compassion and have similar views on the path. However, there are historical and geographical differences etc.