In South Korea, in line with the increasing need for a reliable water supply following the continuous increase in water demand, the Smart Water Grid Research Group (SWGRG) was officially launched in 2012. With the vision of providing water welfare at a national level, SWGRG incorporated information and communications technology in its water resource management, aiming at the development of core technologies for a Smart Water Grid consisting of intelligent microgrids and a demonstration and tests of the developed technologies through a field operation in a living lab. The living lab was built in Block 112 of YeongJong Island, Incheon, South Korea (area of 17.4 km2, population of 8,000), where Incheon International Airport, a hub of Northeast Asia, is located. In this location, water is supplied through a single submarine pipeline, making the place optimal for responses to water crises and the construction of a water supply system during emergencies. From 2017 to 2019, ultrasonic wave type smart water meters and IEEE 802.15.4g advanced metering infrastructure (AMI) networks were installed at 527 sites of 958 consumer areas in the living lab, and core element technologies (intelligent water source management and distribution system, smart water distribution network planning/control/operation strategy establishment, AMI network and device development, integrated management of bi-directional smart water information), and operation solutions (smart water statistics information, real-time demand-supply analysis, decision support system, real-time hydraulic pipeline network analysis, smart DB management, and water information mobile application) were developed through a field operation and testing.