COWAY

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 .  

- Two Coway NOBLE Series won prestigious honors at this year’s Red Dot Design Award: Product Design 2022 - The awarded products were recognized for their intuitive usability and distinctive design   SEOUL, South Korea, April 7, 2022 - Coway, "The Best Life Solution Company," is named the winner of the Red Dot Award: Product Design 2022.   The Red Dot Design Award is among the world's most prestigious design competitions alongside iF and IDEA to honor innovation and design excellence. 2022 marks Coway's 16th consecutive year as a Red Dot Design Award Winner.   This year, the 'NOBLE Air Care Solution Series' and 'NOBLE Induction Freedom Series' were winners of the Red Dot Awards: Product Design. Coway's premium design appliance brand NOBLE has once again been recognized for its innovative design and technology, which elevates the customer experience.   The NOBLE Air Care Solution Series (AP-2021A, AD-1221E, AM-1421G) is a comprehensive air quality management solution that covers various concerns with air purifiers, dehumidifiers, and humidifiers, all with a premium architecture-inspired design. The NOBLE Air Care Solution Series strengthens NOBLE’s unique design identity with its signature tower and horizontal layer design. All products feature muted colorways inspired by nature's beauty to harmonize with any home's aesthetic.   The NOBLE Induction Freedom Series (CIR-F40GS/F41GS/F40PS/F41PS/F60GS) features an all-new type of induction cooktop that uses the entire cooktop with borderless burners. It maximizes cooking space and user convenience, with the whole stovetop as one large cooking zone. The Smart Auto Sensing feature adds more efficiency to mealtime, automatically detecting the position and size of the cookware and adjusting the burner size. Users can cook more comfortably with the freedom to place varying pans anywhere they fit.   “The NOBLE brand has established itself as the new standard for premium home appliances that combines both superior performance and attractive aesthetics," said Hyun Joo Song, head of the Design Center at Coway. "Coway will continue to introduce intuitive and valuable designs to create healthier, more convenient living environments."   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 .