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Recent technological achievement in areas of distributed computing, networking, high speed communications and digital control, as well as the availability of accurate GPS time source, are rapidly becoming the enabling factors for the development of a new generation of real time power grid monitoring tools. KDN (Korea electric power Date Network Co.) R&D department with KERI, Korea University and LSIS has embarked on long term research and development work in the field of wide area systems specifically applied to the power transmission grid in Korea. Primary focus will be on wide area measurement and monitoring, analysis, assessment technique and tools aimed at preventing the propagation of power grid instabilities. Of special interest are voltage stability and small signal stability. This project aligns with KEPCO (the Korea Electric Power Company). In this paper, case studies performed with the use of the developed system are presented.