COWAY

- Coway’s unique ‘Waterless Test System’ for water purifiers remarkably improves product safety by utilizing nitrogen and a vacuum in place of water - Coway water purifiers are certified with the Gold Seal from the Water Quality Association which assures product reliability   SEOUL, South Korea, May 30, 2022 –  Coway, “The Best Life Solution Company,” today announced that it is constantly innovating measures to ensure its water purifiers reach the highest safety standards.   As well as testing through in-house methods, the company also puts products through rigorous third-party certifications to guarantee the water they produce is safe for consumption.   Revolutionary Waterless Test System for Enhanced Safety In the water purifier market today, it’s standard for most manufacturers to use water or disinfected water for final product testing. The practice ensures that the product functions correctly and eliminates the possibility of leaks.   However, the downside of this is that residual water may remain in the product even after draining. The water can then damage the protective packaging or freeze the filter in cold weather.   Even more crucial, if left for a long time, the water can contaminate the product, leading to bacteria. Many companies try to prevent bacterial growth by using disinfected water. But an even greater problem is still a threat — if the water flows through stainless steel, corrosion could occur, which results in harmful remnants being extracted along with the purified water. To prevent Coway consumers from encountering such a dangerous problem, the company implemented a system that tests water purifiers without using water.   Since 2012, Coway has used nitrogen and a vacuum instead of water in its final product testing using a distinctive quality assurance method called the Waterless Test System. The technique was introduced following years of in-depth research to find the most effective quality assurance system for water purifiers.   Not only does this approach increases product safety and hygiene, but it also reduces water consumption by about 5,500 tons per year.   The Gold Seal Mark by Water Quality Association (WQA) Certification for Product Reliability Coway's safety and quality standards for its water purifiers have been certified by the Water Quality Association.   Water Quality Association (WQA) is a not-for-profit international trade association representing residential, commercial, and industrial water treatment industry. The WQA's Certification Programs are designed to help consumers select water treatment products that have been tested and certified to industry standards.   In 2008, Coway became the first South Korean water purifier brand to receive WQA certification. It is currently the only South Korean manufacturer to hold certifications against NSF/ANSI 42, 53, 58, and 401 from WQA. Coway also ensures outbound water purifiers are certified before exporting to global markets, including the USA, Malaysia, Thailand, Indonesia, Vietnam, and Europe. Now, more than 80 Coway water purifier products are WQA-certified. Now, more than 80 Coway water purifier products are WQA-certified.   However, Coway’s finest achievement for water safety is the prestigious Gold Seal Mark. This certification is only given to products that comply with the WQA’s Certification Schemes, and checks the safety of materials, chemical performance, and structural integrity. This ensures the product has undergone a rigorous toxicity test covering more than 200 substances and certifies that all parts that come into contact with drinking water are safe.   The certification and Waterless Test System are testaments to the years of research and development Coway puts into quality assurance and reassuring consumers their drinking water is safe.   Since its founding in 1989, Coway has established itself as a pioneer of water and air technology, solidifying its status as  The Best Life Solution Company  with an unrivaled position in the household water purifier industry.   Coway has received a number of prestigious awards, including being named the number one water purifier brand by the Korea Brand Power Index for the past 24 consecutive years, the National Brand Competitive for the last 14 consecutive years, and Top 100 Brands of Korea for the previous 14 consecutive years.     About Coway Co., Ltd. Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .

SEOUL, South Korea, May 13, 2022 -  Coway Co., Ltd., “The Best Life Solution Company,” today reported financial results for the first quarter of 2022.   "Coway’s stable growth despite tough market conditions reflects the successful expansion of NOBLE, our premium design appliance line,” said Soon Tae Kim, the chief financial officer of Coway. "We'll maintain the stable growth with innovations that create a healthy and convenient living environment ."   Coway reported the following earnings:   - First-quarter revenue: KRW 928.0 billion (+5.6% YoY) - First-quarter operating profit: KRW 172.7 billion (+1.1% YoY) - First-quarter net profit: KRW 135.0 billion (+7.3% YoY)   * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.   Domestic environmental home appliance sales revenue is reported at KRW 559.5 billion led by the rise of accounts in Korea, which now total 6.56 million.   The total overseas subsidiaries' revenue for Q1 is reported at KRW 332.4 billion, up 13.0% YoY. The key growth driving subsidiaries, Malaysia and the USA grew their revenue to KRW 262.8 billion (+9.3% YoY) and KRW 45.8 billion (+6.6% YoY), respectively. The number of overseas accounts also increased by 29.3% year-on-year and now sits at 2.72 million.   Across both global and domestic markets, Coway obtained 810,000 new accounts in Q1, and the total number now sits at 9.28 million.   For additional details about Coway's financial performance, please visit the company's  Investor Relations  page.   About Coway Co., Ltd. Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .

- Coway's full NOBLE range of water purifiers, dehumidifiers, humidifiers, and induction cooktops named winners at the iF Design Awards - 2022 marks Coway’s 15th consecutive year receiving iF Design Awards SEOUL, South Korea, April 15, 2022 -  Coway, "The Best Life Solution Company," announced today that it received eight recognitions, including the prestigious iF Gold Award, which went to the NOBLE Dehumidifier, at the International Forum (iF) Design Award.   Founded in 1953 as Die Gute Industrieform e.V., the iF Design Award evaluates product impact, differentiation, and other properties across nine categories — Product, Packaging, Communication, Professional Concept, Interior Architecture, Architecture, Service Design, User Experience (UX), and User Interface (UI).   Coway secured a total of 8 awards at the iF Design Awards 2022. Five of these were in the Product category, with one being the prestigious Gold award. Two further awards were won in the Interior Architecture category, and one award is won in the User Interface (UI) category.   The Gold award went to the Coway NOBLE Dehumidifier (AD-1221E) for enhancing the aesthetics of its space with a premium architecture-inspired design. Its signature tower and horizontal layers set it apart from traditional dehumidifiers that must be hidden in corners. Beyond just an appliance, it’s equally a piece of home décor that harmoniously blends into the interior. The product was also praised for its auto-opening care feature, which senses the fullness of the water tank and opens the tray to signal that the water should be changed.   In addition to the NOBLE Dehumidifier’s Gold Award, the NOBLE Humidifier, NOBLE Water Purifier Series, NOBLE Induction Freedom Series, and Air Cartridge Series also won awards in the Product category.   In Interior Architecture, the brand experience space Coway Gallery was acknowledged for its artistry. Coway Gallery exhibits products in a home setting to show how they fit into consumers’ varying lifestyles. With flooring made of waste glass and plastic from the Coway production line, it subtly embodied the company’s sustainability values.   “We’re honored to have our premium NOBLE brand recognized at the prestigious iF Design Awards," said Hyun Joo Song, head of the Design Center at Coway. "This motivates us to continue innovating new products that improve both how people live and also the space around them."   About Coway Co., Ltd. Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .