The General Secretary of the Communist Party of Xiamen in China and entourage visit Woongjin Coway
Woongjin Coway had a meeting with an economic cooperation group consisting of 15 persons including Huchang Sheng, the General Secretary of the Communist Party of Xiamen in China, Li Huiye, Deputy Mayor of Xiamen, and Lin Xiaopa, the Chairman of JOMOO at the Environmental Technology Research Institute on May 23.
The visit and meeting were prepared to discuss the scheme of cooperation and support at the local government level with regard to the agreement on partnership between Woongjin Coway and JOMOO signed in December ...
Launch a compact memory form mattress
Woongjin Coway launched the “Compact Memory Form Mattress (CMQ-M01S)” that helps deep sleep by applying four-layered structure.
The “Cloud Memory Form” is located on the top layer. It has a high-density open cell structure which ensures better permeability, helping smooth blood circulation and convenient sleep.
The “Active Elastic Form” which supports human body and provides elasticity is located on the second layer, while the “Flexible HD Form” and ...
Launch the “Double Care FWSS”
Woongjin Coway launched the “Double Care FWSS,” a multifunctional wear styling product. The company had launched the FWSS, a hybrid product enabling clothes management and air purification, in May 2018 and started rental sales since August 2018 on the back of popularity.
The Double Care FWSS features the clothes dryer function. As its function extends to purifying and dehumidifying spaces as well as managing and drying clothes, this product is valid all year round.
As for clothes management, it cares ...
Solidify the unchallenged leading position by acquiring the rental business of Woongjin Corporation
Woongjin Coway solidifies its unchallenged leading position in the health appliances market by acquiring the rental business of Woongjin Corporation. The company announced on May 17 that it will take over the rental business including customer accounts and workforce as of June 30.
It is expected that the acquisition will create synergy in attracting new customers and enhancing product quality, technological competitiveness, and service capability. The number of domestic customer accounts will exceed six million and ...
Protect the underprivileged from environmental diseases
Woongjin Coway singed an agreement aimed at protecting the underprivileged from environmental diseases with the Ministry of Environment and Korea Environmental Industry and Technology Institute on May 16.
The agreement was arranged to improve living environment of the underprivileged by donating necessary products. Woongjin Coway has joined this project since last year.
According to the agreement, Woongjin Coway will provide air purifiers essential for improving indoor air quality and maintenance services ...
Launch the “water map service” based on big data
Woongjin Coway launches the “water map service” that recommends tailored water purifiers and filters to customers on May 8.
To operate this service, Woongjin Coway builds water quality data base by collecting and analyzing water across the nation and
The water map service finds out filters suitable for water quality of each household by analyzing nation-wide water quality data base and then, recommends optimal products to customers in consideration of their living environment.
This service was ...
Hold an event to celebrate the 30th anniversary
Woongjin Coway held an event to celebrate its 30th anniversary and determine another leap as a global player at the Hoam Art Hall located in Jung-gu, Seoul, on May 2, in which more than 600 persons including the CEO Hae-sun Lee, employees, and field leaders participated.
The event was promoted under the slogan of “One Team, Once Again, and Passionate” and major programs were the CEO’s commemorative opening remarks, commemorative performances, and proclamation of a new vision “Woongjin Coway ...
Attain quarterly record high KRW 135.2 billion in 1Q operating profit
Woongjin Coway announced that its sales, operating profit, and net profit in 1Q increased 9.5%, 2.9%, and 5.5% year-on-year to KRW 709.3 billion, KRW 135.2 billion, and KRW 100.4 billion, respectively. Sales were the highest among 1Q results and operating profit and net profit were record high on a quarterly basis. (based on K-IFRS consolidated financial statements)
The company considered quarterly highest rental sales and net adds of accounts at home and abroad, continuous growth of overseas business, and stable churn ...
Surpass KRW 5 billion in sales of oriental blood-warming massage chair
Woongjin Coway announced on April 29 that sales of “oriental blood-warming massage chair (MC-SO1)” exceeded KRW 5.0 billion just in two months after launch.
This product, launched in mid-February, became the fastest-selling premium massage chair exceeding KRW 5.0 billion among similar products of Woongjin Coway. Compared with the “backbone blood-warming massage chare 2 (MC-PO2) launched in June 2018, this product achieved KRW 5.0 billion in sales one month faster.
Key features of the ...
Selected as the “excellent carbon management company” for 10 consecutive years
Woongjin Coway was recognized for its world-class eco-friendly management leadership by being selected as the excellent carbon management company at the “2018 CDP Climate Change Response Evaluation” hosted by the CDP Korea. Woongjin Coway and Samsung Electronics are only two companies which have been selected as the excellent carbon management company for 10 consecutive years in Korea.
The CDP (Carbon Disclosure Project) is a global institution engaging in evaluating climate change response ...