Young Limwon Soft Lab Posts KRW 41.39 Billion in First-Half Sales, Best on Record
IT DAILY ·
✦ AI Summary
Young Limwon Soft Lab recorded consolidated sales of KRW 41.39 billion in the first half of this year.
That marks its highest first-half sales on record.
Operating profit for the first half of this year was KRW 170 million, and large ERP project orders and expanded sales of SystemCloud for were reflected in revenue.
Young Limwon Soft Lab announced on the 14th that its consolidated sales for the first half of this year came to KRW 41.39 billion. That marks its highest first-half sales on record.
The result was supported by contracts secured in the second half of last year through strong orders for large ERP projects centered on major industries such as semiconductor equipment, pharmaceuticals, and the public sector, with those deals being sequentially reflected in sales in the first half of this year. Growth in sales of industry-specific cloud ERP, "SystemCloud for," also contributed.
Operating profit for the first half of this year was KRW 170 million. However, continued investment to strengthen competitiveness in the AI ERP and cloud businesses, along with continued investment to expand new businesses in the area of organizational culture innovation (People & Culture), weighed on short-term profitability.
Young Limwon Soft Lab focused its R&D investment on advancing AI ERP functions and improving development productivity, while also investing in upgrading its AI ERP and cloud businesses. In addition, it made investments to expand its organizational culture innovation business for sustainable growth and stronger organizational competitiveness, and it also stepped up marketing efforts.
During this process, R&D expenses increased, cloud service operating costs rose, and AI usage fees increased. In addition, outsourcing costs rose as large project orders expanded, and construction costs related to the completion of Y SPACE in Paju were also reflected.
On top of that, increased spending on the expansion of the organizational culture innovation business aimed at sustainable growth and stronger organizational competitiveness, the holding of the 2026 Enterprise Business Solution Conference (EBSC), and first-half marketing activities such as radio advertising led to higher costs from the factors above. The company said it viewed these increased costs not as a short-term burden but as strategic investments to secure future growth engines.
The company said these investments and marketing efforts led to an increase in customer inquiries about adoption. It expects this to have a positive impact on the expansion of new business opportunities and on future performance improvements.
Kwon Young-bok, CEO of Young Limwon Soft Lab, said the company achieved its highest first-half sales on record while also building a foundation for future growth in the first half. He added that with revenue from secured orders expected to be reflected in earnest in the second half, the company plans to push ahead with improving the competitiveness of its AI ERP and cloud businesses while strengthening business execution to turn investment results into earnings.
Young Limwon Soft Lab launched its AI-based onboarding service, "EverWelcoming," on the 4th. "EverWelcoming" is designed to help new employees adapt to the organization more quickly and to improve HR efficiency for HR staff.
Source: IT DAILY · Kwon Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=241011
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Source: IT DAILY
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