Launch the Fresh Wear Styling System
Coway launches the Fresh Wear Styling System (FAD-01), an innovative product that cares both clothes and wardrobe space.
Currently, wear care system and wear dryer aimed at hygienically caring clothes are increasing in popularity due to environmental issues such as fine dust and yellow sand.
To meet this need and trend, Coway showcases the Fresh Wear Styling System that hygienically cares both daily wear and clothes inside wardrobe. The Fresh Wear Styling System is Korea’s first two-in-one product that ...
Open the Coway Service Lab
Coway plans to open the “Coway Service Lab” in the head office to provide customers with differentiated service experiences and satisfaction.
The Coway Service Lab will play a role for analyzing customer experiences at all customer contact points and identifying ideas for customer service differentiation, eventually creating innovative customer value and realizing corporate philosophy Coway Trust.
The Coway Service Lab consists of service practice monitoring zone, ideation zone, and ...
Achieve record-high operating profit in 1Q
Coway announced on May 1 that it achieved record high operating profit on a quarterly basis. Sales of Coway in 1Q 2018 recorded KRW 647.8 billion, an increase of 6.2% from the previous year. Operating profit and net profit increased 8.6% and 26.2% to KRW 131.3 billion and KRW 95.2 billion, respectively. Particularly, operating profit was the largest ever in its history on a quarterly basis. (based on K-IFRS consolidated financial statements).
These remarkable operating performances were mainly attributable to ...
Start the “3rd Wi School” program to cultivate startups in smart health appliance sector
Coway held the starting ceremony of the 3rd Wi School at the head office located in Jung-gu, Seoul, on April 28. The Wi School program was launched in 2016 with the aim of delivering Coway’s business knowhow and experiences and offering trainings to young people who prepare startups, becoming a leading youth startup support program.
About 30 teams joined this program consisting of business item contests linked with IoT and AI technologies in the fields of health appliance and beauty, trainings by startup experts, and ...
Launch a large-capacity air purifier
Coway launches the “Triple Power Air Purifier (AP-2318D).” Demonstrating large-capacity air purification power that cares 80 square meter space, this product is suitable for office, restaurant, kindergarten, school, and hospital. It adopted the triple power system that sucks up air through left, right, and bottom of product, which enables to care even dust of floor space.
This product has microfiber free filter, tailored filter, deodorization filter, and heap filter on both sides and microfiber free ...
Launch an AI-based air purifier
Coway launches the “Active Action Air Purifier IoCare” equipped with AI-based care and active swing functions. This product won the “2018 CES Innovation Award,” demonstrating innovative technologies.
The AI-based care function autonomously purifies indoor air by understanding the pattern of air pollution through machine learning process and checking fine dust change amount every five minutes, ensuring optimum indoor air quality.
The innovative active swing function of product ...
MBK’s excellence in managing Coway
Five years have passed since MBK Partners acquired the stake of Coway through Coway Holdings on January 2, 2013. Since then, Coway’s sales grew 1.3 times to over KRW 2 trillion and operating profit and net profit also doubled and trebled, respectively. Stock price jumped to around KRW 80,000 from KRW 30,000.
◇ Surpassed KRW 2 trillion in sales and achieved balanced growth
Coway’s sales and operating profit stood at KRW 2.52 trillion and KRW 472.7 billion in 2017, respectively. Those in 2012 were KRW 1.99 ...
Recruit participants in the “3rd Wi School”
With the aim of cultivating startups in the smart health appliance sector, Coway invites participants in the “3rd Wi School,” its flagship shared value creation program. Applications are accepted through the “cowaywischool.com” until April 18.
The “Wi School (What is Start up)” is recognized as one of Korea’s representative programs to support youth startups. Particularly, this program offers a new method which integrates contests and startup trainings this ...
Hold the opening ceremony for relocated Win-win Cooperation Center
On March 30, the opening ceremony for Win-win Cooperation Center which was relocated to Simgok-dong, Bucheon, Gyeonggi-do, was held, to which executives of suppliers were invited.
More than 100 people including the CEO of Coway and CEOs and executives of 69 1st and 2nd tier suppliers participated in the ceremony. Major programs included signing an agreement on shared growth and awarding excellent partners in addition to the proclamation of a fresh start.
At the ceremony, the company launched “Go Together with ...
Share the value of water with the public
On March 19, Coway held an event to make a pledge to supply clean and tasty water as Korea’s representative water company in the plaza in front of Ilmin Art Gallery located in Jongno-gu in celebration of the World Water Day on March 22.
As part of the event, the company exhibited a large-sized water purifier and CIROO filter and sommelier researchers delivered water purified through the filter to visitors.