COWAY

SEOUL, South Korea, September 4, 2023 -  Coway Co., Ltd., the “Best Life Solution Company,” has once again demonstrated its exceptional design expertise by securing the Silver and Bronze awards and a Finalist nomination at the International Design Excellence Awards (IDEA) 2023.   Hosted annually by the Industrial Designers Society of America (IDSA), IDEA is a highly influential design awards program in North America. IDEA serves as a platform to recognize and celebrate design excellence, awarding products that pioneer innovative new ways to improve everyday life.   In this year's edition, Coway achieved an impressive feat by garnering three awards: the ‘Multi-Action Air Purifier 2 (AP-1523D)’ was honored with the Silver award, the ‘Icon Max Free Water Purifier (CHP-4600N)’ gained the Bronze award, and the ‘Skin Plus Water Softener (BB-16/17A)’ earned notable recognition as a Finalist.   Silver awardee, the Multi-Action Air Purifier 2 (AP-1523D) has received worthy recognition for its innovative circular design, characterized by a central aperture that improves airflow efficiency. The clever design element enables clean air to reach distances far further than the previous model. As a result, purification performance and overall efficiency have reached a new level. The real-time air quality indicators, displayed through a quartet of distinct color lights, give users an intuitive overview of air quality in their living spaces. The product has recently launched in South Korea and is also available in Malaysia, where it is marketed under the name 'Storm II Air Purifier.’   The recipient of the Bronze award, the Icon Max Free Water Purifier (CHP-4600N), stands out for its inventive design, which eliminates installation space limitations. Featuring an easily detachable water tank, users can place the water purifier where it suits them and their space best, rather than being limited by proximity to water pipes. With sleek 26-cm wide dimensions and a minimalist design defined by clean-cut lines, the unit seamlessly harmonizes with any surroundings. In addition, automatic UV sterilization boosts hygiene credentials, along with effortless disassembly for more convenient cleaning. The product is now available in Japan.   "We are committed to proactively identifying customers' latest needs to deliver products and user experience seamlessly tailored to real living spaces,” remarked Hwang Jin-sang, Head of the Coway Design Center. "By adhering to a minimalist design approach that removes unnecessary elements, our goal is to optimize the inherent functionality of our products and consistently enhance the value we provide customers,” he added.   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, Aug. 9, 2023 -- Coway Co., Ltd., the "Best Life Solution Company," today reported financial results for the second quarter of 2023.   "We've successfully sustained steady growth through global market expansion, innovative product offerings, and strategic marketing efforts, despite difficult market circumstances," commented Soon Tae Kim, Chief Financial Officer of Coway. "Our strategies for the rest of the year will focus on further strengthening both local performance in Korea and international business activities while fostering the growth of our sleep and wellness brand BEREX." Coway's reported earnings are as follows: - Second-quarter revenue: KRW 1,006.2 billion (+2.9% YoY) - Second-quarter operating profit: KRW 194.2 billion (+10.3% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. Cumulative revenue for 2023 has now reached KRW 1,954.5 billion (+2.5% YoY) and an operating profit of KRW 369.8 billion (+6.1% YoY). Domestic health appliance sales revenue rose to KRW 590.4 billion (+2.9% YoY), primarily attributed to successful product sales across various categories, including water purifiers, air purifiers, and mattresses. The total overseas subsidiaries revenue for Q2 reached KRW 378.9 billion, marking a 7.0% year-on-year. The key growth drivers, Malaysia and the USA, demonstrated substantial revenue growth, with Malaysia achieving KRW 285.6 billion (+3.9% YoY) and USA reaching KRW 61.1 billion (+13.7% YoY). Meanwhile, the steadily advancing Thailand subsidiary recorded a noteworthy revenue surge to KRW 24.5 billion, for a remarkable growth of 25.7% year-on-year. 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 .  

SEOUL, South Korea, August 7, 2023  -- Coway's cutting-edge Airmega ProX has gained the highest consumer rating among air purifiers, according to US consumer media industry reports, reinforcing the company’s position as a pioneer in air purification technology.   The performance evaluations conducted by Consumer Reports, a leading US consumer-focused publication, gave the innovative model an overall score of 93 points. This score makes Airmega ProX the top-ranked air purifier choice among the 186 models tested in the US market.   Among all air purifier models, Coway is the only brand to exceed 90 points. The accolade is also a first for Korean air purifier brands.   Consumer Reports uses consumer surveys and vigorous in-house testing to evaluate and rank various products, including consumer electronics, in the US market. These unbiased evaluations and rankings serve as crucial references for American consumers when making purchasing decisions.   The  Airmega ProX , now crowned the best air purifier, received excellent evaluations for dust, pollen, and smoke removal, and noise and energy efficiency. In addition to its performance ratings, Coway also received a 5/5 rating for owner satisfaction and predicted reliability, showcasing the brand's commitment to excellence.   Elsewhere, Consumer Reports has also recognized the Coway Airmega ProX as the " Best Air Purifier of 2023 " and the " Best Air Purifier for Wildfire Smoke ."   Launched in the US market in April 2023, Coway’s Airmega ProX is a high-capacity air purifier tailored for large-space environments like schools and offices. It boasts a robust filtration system and an expansive coverage area. Its minimalist design and use of recycled plastics have earned it international recognition, leading to awards in three major design competitions: the iF Design Award, Red Dot Design Award, and Japan Good Design Award.   Coway's air purifiers are consistently recognized as best-in-class, earning expert acclaim from prominent international media. In June 2023, the Coway Airmega Mighty AP-1512HH was named the "Overall Best Pick" for the 9th consecutive year in  Wirecutter  by  The New York Times  “ Best Air Purifier ” list. The ranking was based on real-life product testing of over 50 purifiers.   A Coway official stated, “30 years of air purification expertise and filter technology has secured our recognition, not only domestically, but also internationally, for product excellence. We will continue leveraging our impressive R&D facilities and expertise to innovate pioneering products that lead the direction of the global air purification industry.”   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, 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 .