Younglimwon Softlab (CEO Kwon Young-beom) , an enterprise solution specialist, announced on the 11th that it had won a contract to build a next-generation integrated enterprise resource planning (ERP) system for the Korea Power Exchange.
The Korea Power Exchange is a non-profit special corporation that performs core functions of the national power industry, including power market operation, grid management, and real-time power dispatch operations. Recently, it has expanded its business into eco-friendly energy sectors, including the Renewable Energy Certificate (REC) and hydrogen power generation bidding markets.
This project is a digital transformation project to address the aging of the existing ERP system operated by the Korea Power Exchange. Its goal is to integrate key management functions such as finance, budget, and human resources, and establish an operational system based on real-time data.
Yeonglimwon Softlab will provide a system based on its experience implementing public ERP systems and its own solution, "K-System Ace." The system will drive digitalization across all business processes, including budget planning and management, expenditure and revenue control, and automation of contracting and purchasing procedures. Furthermore, the system will be designed to enable real-time calculation of key management indicators through integration with external systems.
The human resources (HR) division will be joined by Human Consulting Group (HCG), a domestic HR consulting firm. Drawing on its experience with similar projects at power conglomerates, HCG plans to implement automated payroll calculation and verification features, data-driven organizational operations, and a job-focused HR system.
A Korea Power Exchange official stated, “Through this ERP implementation, we will be able to digitally upgrade core management systems such as finance, budget, and human resources, and create an efficient, data-driven work environment.” He added, “Through digital innovation, we will strengthen our capacity to operate a fair and transparent electricity market.”
Younglimwon Softlab CEO Kwon Young-beom said, "The Korea Power Exchange's digital transformation project is an opportunity to demonstrate the integration and scalability of public ERP." He added, "We will continue to actively support management innovation in public institutions based on our accumulated experience in implementing public sector ERPs."
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