COWAY

In today’s world, where the implementation of eco-conscious solutions can have a direct effect on household bills, energy-efficient appliances have become a key part of sustainable living. Energy costs often constitute a significant portion of monthly household expenses, making the adoption of eco-friendly devices a smart financial choice as well as a sustainable one. By using less electricity, energy-efficient appliances help lower household utility bills while simultaneously reducing harmful carbon dioxide emissions — a major contributor to global warming. Coway, the Best Life Solution Company, has been proactively leading the way in the industry by fitting its household appliances with innovative energy-efficient technologies, resulting in solutions that not only benefit consumers’ wallets, but that also pave the way toward a greener future. In July of this year, Coway earned recognition for its ongoing commitment to energy efficiency at South Korea’s ‘Energy Winner of the Year’ awards, where four of its leading household products received honors. The 'Energy Winner of the Year' award, hosted by Consumers Korea (CK) and sponsored by the Ministry of Trade, Industry and Energy, the Ministry of Environment and the Korea Energy Agency, recognizes products that possess exceptional energy efficiency or that take significant strides toward carbon neutrality. Two of Coway’s flagship water purifiers, the Icon Ice Water Purifier and the Prime Stand Water Purifier, were among those of the company’s products honored at this year’s ‘Energy Winner of the Year’ awards. The Icon Ice Water Purifier earned the ‘Energy Grand Prize’, while the Prime Stand Water Purifier received the ‘Energy Saving Award’. The Icon Ice Water Purifier is equipped with cutting-edge energy-saving technologies, including a high-efficiency ice evaporator, a sealed cold-water system and a high-density instant hot water system. These innovations come together to reduce annual energy costs by approximately 20% when compared to previous models. This model’s high-efficiency ice evaporator optimizes refrigerant flow to shorten ice-making cycles and lower energy consumption, while its advanced instant hot water technology increases thermal efficiency by 30%, thus drastically reducing preheating time. Consumers can also customize their hot water temperatures in 5°C increments from 45°C to 100°C, enhancing convenience while simultaneously maximizing their energy savings. Designed for environments with high rates of use such as public facilities, the Prime Stand Water Purifier is capable of achieving remarkable energy efficiency despite its large capacity. This model incorporates an energy-saving control system designed specifically for larger-scale water purification. It also features a Brushless Direct Current (BLDC) inverter compressor, vacuum insulation materials and idle power-saving technology, making it the most energy-efficient tank-type water purifier in Coway’s lineup. Coway’s energy-saving expertise also extends to its air purifier and bidet products. Recognizing that the former often operate 24/7, Coway has optimized its air purifiers’ performance to minimize long-term energy usage without compromising on air quality. The Power-Up Air Purifier , also known as the Airmega ProX in the U.S., is a large-scale model that provides coverage for up to 1,245 square feet and features an improved air purification efficiency of 17% compared to similar models, employing both dual-engine technology and a dual-intake system to maximize energy efficiency. Despite its robust performance, the unit operates at a noise level of just 47dB — a soundscape comparable to that of a library — a technical innovation that earned it the ‘Energy Technology Award’ at this year’s ‘Energy Winner of the Year’ awards. Meanwhile, Coway’s Self-Care Bidet incorporates a hybrid water tank that consolidates the benefits of both tank-based and instant hot water systems. By heating water only when needed, this technology reduces monthly energy consumption by up to 20% when compared to traditional tank-based systems. Coway’s Commitment to a Sustainable Future A Coway official said, “Energy efficiency is no longer an optional part of technological progress; it is a necessity. At Coway, we are dedicated to pioneering high-efficiency technologies that are capable of reducing energy consumption and to developing eco-friendly products for our consumers.” Through its innovative solutions, Coway continues to set the standard for energy-efficient appliances, helping consumers reduce their energy costs while contributing to a more sustainable future.                                                                  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. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. 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 .  

- The National Asthma Council Australia’s Sensitive Choice program has recognised Coway’s Airmega air purifier lineup as being Sensitive Choice approved with the potential to benefit people living with asthma and allergies. - Amid peak allergy season, Coway’s asthma and allergy-friendly range of Airmega air purifiers are available at a discount during Amazon’s Black Friday and Cyber Monday deals that are running from now until December 2nd, as well as during Amazon Boxing Day deals from December 24th to 28th. Sydney, Australia, November 28th, 2024 – As Australia transitions from spring to summer, rising pollen counts and increasingly extreme weather conditions are expected to worsen allergy and asthma symptoms across the board. As various grasses enter their peak flowering season, air quality is set to be significantly impacted, making it harder to breathe and potentially triggering asthma symptoms in affected individuals. Now is the perfect time for Australians struggling with asthma or seasonal allergies to invest in an air purifier that helps keep the air in their homes clean. Coway, South Korea's leading wellness tech company, offers solutions designed to keep all consumers breathing easier with its Airmega air purifier range, a lineup that has officially been approved by the National Asthma Council Australia’s Sensitive Choice program. Coway’s Sensitive Choice Approval: A Mark of Trust Sensitive Choice is a program by the National Asthma Council Australia that identifies products that may help improve the lives of people living with asthma or allergies. This approval assures customers that Coway’s air purifiers are a reliable and effective choice for those seeking relief from airborne allergens. 3-stage Filtration Boosted by GreenHEPA™ Filter for Cleaner Air Each Coway Airmega air purifier is equipped with a HyperCaptive™ Air Filtration System, a 3-stage filtration system that includes a pre-filter, a deodorisation/activated carbon filter, and a GreenHEPA™ filter. This advanced system captures allergens, pollen, smoke, gases, odours, and even volatile organic compounds (VOCs) to filter out 99.97% of ultra-fine particles, even those as small as 0.03 microns. This process helps ensure that the air circulating through the home is clean and fresh, particularly during peak allergy season. Coway offers a range of models tailored to different room sizes and air purification needs:   -  Airmega Mighty (AP-1512HH) : Ideal for bedrooms, living rooms, and small offices thanks to its 109m² coverage, the Airmega Mighty is the U.S.’ most-loved air purifier, a solution that currently has over 20,000 five-star reviews and has been a Wirecutter top pick for ten consecutive years . -  Airmega 150 : A compact, stylish model perfect for one- or two-person households, Airmega 150 is available in Dove White, Sage Green, and Peony Pink colorways. It has won multiple prestigious international design awards, including Germany’s iF Design Award, Japan’s Good Design Award, and the U.S.’ IDEA award. -   Airmega 250 : A larger model featuring 131m² of coverage best suited for families and pet owners, Airmega 250 also provides filtration and protection specific to pet-related allergens.   In order to make it even easier for Australians to breathe easier this allergen season, Coway is offering exclusive discounts on its Airmega air purifiers and filters during Amazon’s Black Friday and Cyber Monday Deals. From November 19th to December 2nd, consumers can enjoy up to 35% off Airmega air purifiers and up to 40% off Airmega air filters. For those who miss out on these deals, the company's last deals of 2024 will be live from December 24th to 28th. For more information, please visit the Coway Amazon Store . 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. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. 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, November 8th, 2024 –  Coway Co., Ltd., the “Best Life Solution Company,” has announced its financial results for the third quarter of 2024.   “We continue to secure new customers, having seen our rental accounts exceed 10 million by merit of strong sales growth both domestically and internationally, and are also maintaining stable contract retention,” said Soon Tae Kim, Coway’s Chief Financial Officer. “For the remainder of this year and beyond, we will continue to prioritize research and development that drives product innovation and digitalization, and will also strive to maintain our robust performance growth.”   Coway’s reported earnings are as follows:   - Third quarter revenue: KRW 1,100.3 billion (+9.2% YoY) - Third quarter operating profit: KRW 207.1 billion (+6.0% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.   Cumulative revenue for 2024 now stands at KRW 3,184.4 billion (+7.5% YoY) with an operating profit of KRW 612.0 billion (+8.3% YoY).   In South Korea, domestic business generated KRW 660.8 billion in revenue for the third quarter, up 9.9% from last year. This increase has been attributed to steady sales of the ‘Icon Ice Water Purifier’ during the summer months, as well as the ongoing popularity of the BEREX lineup of mattresses and massage chairs. The net increase in domestic rental accounts during the third quarter, totaling 102,000 accounts, more than doubled compared to the same period last year. Furthermore, the cumulative net increase for the first three quarters of this year amounts to 245,000 accounts, a figure that has already surpassed last year's total net increase of 193,000 accounts.   Coway’s overseas subsidiaries also showcased strong growth in the third quarter, with a revenue report of KRW 391.5 billion, a 7.8% year-on-year increase. Of note among these were the Malaysia subsidiary, which achieved a revenue of KRW 293.4 billion with an 8.8% year-on-year increase, and the Thailand subsidiary, which continued to expand its growth trajectory with revenue of KRW 32.5 billion and an 8.9% year-on-year increase.   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. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. 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 .