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Best Life Solution Company
Coway is proud to offer the best products and services to take care of
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health and improve quality of life. -
Korean Top Riser
Since its establishment in 1989, Coway has grown to be a leader
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in life solution services. -
Good Wave for
People & EnvironmentWe practice sharing everywhere, with the firm belief that we will make the world a better place.
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Coway is a company that deals with the lives of people. Our vocation is to create a world in which everyone can be happy.
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Technology
On the basis of its top-notch research manpower and
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cutting edge research facilities, Coway is striving to
develop innovative technologies to preserve the value of
clean and healthy water and air. -
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Service
Customized solutions for people!
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Coway utilizes IoT technology to observe, analyze, and
diagnose its customers’ daily lives in order to understand
their habits and empathize with their concerns.
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20 2024.03Coway Presents Airmega Lineup at the Inspired Home Show 2024
- Coway showcases its premium air purifier lineup ‘Airmega’ at North America’s largest houseware trade show March 20th, 2024, Seoul, Korea – Coway Co., Ltd., the “Best Life Solution Company,” showcased its product lineups at the Inspired Home Show held at McCormick Place in Chicago, USA, from March 17th to 19th, 2024, aiming to accelerate its penetration into the North American air purifier market. The Inspired Home Show is the largest houseware trade show in North America, considered one of the top three consumer goods exhibitions globally, alongside Ambiente in Germany and the Hong Kong Houseware Fair. Coway presented a total of 13 air purifiers and 2 bidets. The main highlight of the exhibition was the Coway Airmega ProX, an air purifier designed for extra-large spaces in public settings such as office buildings, schools, hospitals, restaurants, and more. Boasting a powerful filtration system and a large coverage area, the Airmega ProX garnered significant attention from buyers and visitors throughout the exhibition period. In particular, the Airmega ProX has gained the highest consumer rating among 186 air purifiers available in the US, according to the US consumer media industry reports, Consumer Reports. It received excellent evaluations for dust, pollen, and smoke removal, and noise and energy efficiency. A Coway official stated, “Through the exhibition, we have reaffirmed that Coway's Airmega air purifiers are receiving positive evaluations from North American consumers, media, and buyers, solidifying our position as a leader in the air purifier market. We will continue to lead the global air purifier market through innovative products and services." Coway's air purifiers are consistently receiving recognition as best-in-class, earning expert acclaim from prominent international media. The Coway Airmega Mighty AP-1512HH was named the "Overall Best Pick" for the 10th consecutive year in 2024 in an evaluation by The New York Times’ product review site, Wirecutter's “The Best Air Purifier” list. The ranking was based on real-life product testing of over 60 purifiers. 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 .
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08 2024.02Coway Announces Financial Results for Q4 and FY2023
- Coway’s 2023 Q4 revenue reached KRW 1,004.4 billion (+2.5% YoY) with an operating profit amounted to KRW 166.2 billion (+1.5% YoY) - Annual revenue for FY2023 totaled KRW 3,966.5 billion (+2.9% YoY) with an operating profit of KRW 731.3 billion (+8.0% YoY) - Coway plans to foster sleep & wellness brand BEREX as a growth engine and competitive force in the global market SEOUL, South Korea, February 8, 2024 – Coway Co., Ltd., the “Best Life Solution Company,” has released its financial results for the fourth quarter and fiscal year 2023. "We’re proud to have achieved such a successful 2023, even in the face of significant challenges present in both domestic and international markets. Our stable performance can be credited to actively investing in product R&D, IT, marketing, and leveraging the growth of the BEREX sleep and wellness brand," stated Jangwon Seo, CEO of Coway. "This year, as we complete our transformation to become a 'New Coway' grown by innovation, and solidify Coway's position as a global leader, we will continue to release pioneering product lines while focusing on BEREX as a new growth engine." Coway reported the following earnings: - Fourth-quarter revenue: KRW 1,004.4 billion (+2.5% YoY) - Fourth-quarter operating profit: KRW 166.2 billion (+1.5% YoY) - Annual revenue: KRW 3,966.5 billion (+2.9% YoY) - Annual operating profit: KRW 731.3 billion (+8.0% YoY) *The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. In FY2023, strong domestic home appliance sales were primarily attributed to strong performance in core product categories like water purifiers, as well as the successful market expansion and sales growth of the BEREX brand. The factors collectively contributed to revenue of KRW 2,373.5 billion (+4.2% YoY). In 2023, Coway's overseas subsidiaries achieved an annual revenue of KRW 1,430.7 billion, marking a 2.1% increase compared to the previous year. Notably, annual sales revenue from subsidiaries in the United States and Thailand showed remarkable growth, with a 2.8% and 27.6% increase, respectively, compared to the prior year, resulting in revenues of KRW 205.3 billion and KRW 101.1 billion. 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, 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 .
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18 2023.12Coway Listed in the Dow Jones Sustainability Asia Pacific Index for the 11th Consecutive Year
- Listed in the top 25.6% among 609 evaluated companies - The only Korean company selected in the DHP Household Durables Industry category SEOUL, South Korea, Dec. 18, 2023 -- Coway Co., Ltd., the "Best Life Solution Company," announced that it is on the '2023 Dow Jones Sustainability Asia Pacific Index ("DJSI Asia Pacific")' for the 11th consecutive year. Of the 609 evaluated companies worldwide, only 156, the top 25.6%, were selected, and only 36 companies from South Korea made the list. Launched in 1999, the Dow Jones Sustainability Indices (DJSI) evaluates the sustainability performance and environmental, social, and governance (ESG) efforts of world-leading companies to help investors make sustainable decisions. Not only is this Coway's 11th consecutive year on the Dow Jones Sustainability Asia Pacific Index, but it's also the 6th consecutive year on the Dow Jones Sustainability Korea Index. Coway is the only Korean company to feature in the DHP Household Durables industry on the DJSI Asia Pacific Index. Coway received excellent evaluations for Customer Relationship Management, Product Quality & Recall Management, and Environmental Policy & Management Systems. This reflects the pride that Coway takes in innovating products and services with the customer's life at its core, true to its name as the Best Life Solution Company. The company remains committed to minimizing the impact of its business operations through eco-friendly practices in product development and lifecycle management, following an ESG framework with a goal of full carbon neutrality by 2050. With the aim of an entirely eco-friendly product development and lifecycle, Coway considers chemical substance safety, energy efficiency, carbon emission reduction, resource-use reduction, recyclability throughout manufacturing, cleaner production, sustainable rental services, recovery, and recycling procedures, as well as lifestyle improvement. Coway remains deeply committed to social responsibility initiatives, engaging with communities through impactful initiatives like donating water and air purifiers to under-resourced communities. The company proudly owns Korea's first private sector-backed wheelchair basketball team, the BlueWheels Basketball Team, and the Mulbit Sori Choir, comprised of the beautiful voices of people with visual impairments. Sung-Rok Kim, Chairman of the ESG Council and Secretary of the ESG Committee from Coway said: "Our unwavering commitment to sustainability has been acknowledged once again through our inclusion in the prestigious 'DJSI Asia-Pacific' and 'DJSI Korea.' As the 'Best Life Solution' company, we remain dedicated to elevating our sustainability management systems." Beyond the DSJI recognitions, Coway's sustainability endeavors have garnered notable acclaim, securing an "AA" MSCI ESG Rating in 2022 for the 2nd consecutive year. Domestically, in 2023, the company received an 'A' ESG Rating from the Korea Corporate Governance Service (KCGS). 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 .