“A Great Achievement in Standardizing Common Tasks for Public Institutions Over 10 Years”
[Interview with Director Joo Deok-joong of the Public Business Department] “Foreign solutions that cater to the unique requirements of each organization are losing market share”
Reporter Bang Eun-ju, ZDNet Korea
“This achievement did not come easily. After working on public institution projects for over 10 years, we have standardized the functions and tasks most commonly used and required by public institutions. Based on this standardization, we build packages tailored to the specific needs of each public institution. This is why YoungLimWon is the absolute leader in building ERP packages for public institutions.”
Joo Deok-joong, managing director of the Public Business Department at Younglimwon Soft Lab (YoungLimWon), stated on the 16th, “Our company holds over 80% of the market share in the construction of ERP packages for public institutions.” Recently, YoungLimWon successfully completed the implementation of its Enterprise Resource Planning (ERP) system, ‘K-System Ace Public,’ at the Korea Trade-Investment Promotion Agency (KOTRA).
Last May, YoungLimWon signed a contract worth 2.6 billion KRW with KOTRA to supply the ERP system and completed the installation by the end of March this year. The company also provided stabilization support for three months. Approximately 1,300 KOTRA employees and 120 overseas trade offices are now using YoungLimWon Softlab’s ERP system. Notably, KOTRA had previously used a foreign ERP system but switched to YoungLimWon’s ERP. This switch has been highlighted as a key case where a large public institution successfully transitioned its financial accounting system from a foreign ERP to a domestic solution. KOTRA, the client, also achieved the dual benefits of improved work efficiency and reduced operational costs.
Director Joo stated, “We have demonstrated YoungLimWon’s technological prowess by stably processing over 500 business services, including budget and financial management, and handling large volumes of data,” and added, “We have ensured consistency in accounting operations by standardizing basic accounting information. We have also enabled a flexible response to changes in tax laws by setting tax rates. Additionally, we provide management information for the projects through functional income statements categorized by specific business areas.”
He continued, “In particular, unlike foreign ERP systems, we have implemented a single sign-on (SSO) function by assigning user accounts to each employee, allowing access to all services within the ERP system based on individual permissions,” and added, “We have also enhanced user convenience through flexible integration with Excel.” YoungLimWon’s ‘K-System Ace Public,’ which includes standard functions specialized for public institutions, is also seamlessly integrated with KOTRA’s groupware (WINK). It also enables the automatic generation of about 20 types of vouchers. Moreover, a business rule (BR) function for verifying data errors has been implemented to periodically check the consistency and integrity of data, thereby ensuring high data quality.
Director Joo, who has a background as a developer, has been leading YoungLimWon’s public projects since 2019. He emphasized, “Compared to foreign solutions, our ‘K-System Ace Public’ not only follows package standards but also provides unique functions tailored to each organization’s specific needs. This is our significant advantage.” He further noted, “There are not many cases of successfully converting foreign solutions used by domestic public organizations, but YoungLimWon has done it. I am even more pleased with this achievement as the demand for domestic products among public organizations is increasing due to high maintenance costs and challenges in additional development.” YoungLimWon is currently actively working on projects to successfully convert the ERP systems of other public organizations, such as the Korea Industrial Safety Association.
Director Joo attributed the growing preference for YoungLimWon ERP systems among public institutions to the company’s “trustworthiness.” He said, “Since YoungLimWon first established an ERP system at the Busan Facilities Corporation in 2004, we have implemented ERP systems in over 100 locations over the past 20 years, with only 2-3 customers discontinuing maintenance services. Our maintenance rate exceeds 95%, which would be impossible without trust.” He continued to emphasize, “YoungLimWon has become the first company that public institutions seek when establishing a new ERP system.” Regarding data migration when transitioning from foreign solutions, Director Joo explained, “We maintain system continuity and stability by focusing on essential data, such as key information.”
