I know that the central vowel in ᄉᅻᆯ ( if it doesn't render as a single syllable) is archaic. I know that Hangul/Korean has over the years simplified itself greatly, sometimes getting rid of redundant letters, sometimes getting actually changing the pronunciation of words. I'm not sure which case these double vowels are.
I see a lot of ieungs in Korean, e.g. 서울, which could be eliminated using an archaic double vowel or sometimes a double consonant. I'm not sure if that's strictly equivalent, though.
Is eo-ieung-u equivalent to the archaic eo-u vowel?