The Korean Welfare Panel Study(KoWeps) has played a significant role in academic and policy research, but there is a need to review its achievements and explore future directions. This study suggests improvements in three areas: sample representativeness, appropriateness of survey items, and efficiency of survey operations. While representativeness is generally maintained, issues such as initial instability and potential bias remain. Survey items have adapted to policy changes, but welfare service questions need to be expanded and refined. Lastly, challenges in survey operation sustainability highlight the need for long-term improvements based on domestic and international best practices.