Overview, company details, product information, news, events, rankings and Rep listings for Coway.
Coway Co., Ltd. is a South Korean home-appliance and wellness company founded in 1989. The company began with water purifiers and door-to-door sales, later expanding into air purifiers and introducing its rental-and-service system in 1998. That model became central to Coway's business: customers rent products under multi-year agreements while company service personnel periodically maintain the equipment and replace filters. Coway entered the United States in 2007. Today its product lines include water and air purifiers, bidets, water softeners, mattresses, massage products and other home-wellness appliances.
Coway uses sales agents, authorized dealers and, in markets such as Malaysia, independent contractors called Health Planners (HPs) and CODY service representatives.
The U.S. business increasingly combines direct sales and rental representatives with conventional online and retail distribution through outlets including Amazon and Walmart.
In September 2024, the U.S. Department of Labor sued Coway USA, alleging that more than 180 employees who serviced Coway products were denied overtime wages and that the company falsified or failed to record hours worked. The department estimated that hundreds of thousands of dollars in unpaid overtime were involved and sought an equal amount in liquidated damages. Court records show the case remained in active litigation into 2026.
Junhyuk Bang, Chairman
Jangwon Seo, Chief Executive Officer
Soontae Kim, Chief Financial Officer
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Add an Instant REP ListingProduct Line: Water and air purifiers, bidets, water softeners, mattresses, massage products and other home-wellness appliances
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SEOUL, South Korea -- August 7, 2026
Coway reported second-quarter 2026 consolidated revenue of 1,442.2 billion won, up 14.6% from a year earlier, and operating profit of 253.2 billion won, up 4.3%.
Domestic revenue was 786.8 billion won, up 7.7%, while overseas subsidiaries generated 587.5 billion won, up 24.2%. Malaysia revenue was 434.5 billion won, up 22.2%; U.S. revenue 66....
SEOUL, South Korea -- May 8, 2026
Coway reported first-quarter 2026 consolidated revenue of 1,329.7 billion won, up 13.2% from a year earlier, and operating profit of 250.9 billion won, up 18.8%.
Domestic revenue rose 9.5% to 742.8 billion won, aided by new products including the Icon Ice Water Purifier 3 and BEREX Pebble Chair 2, the Therasol home medical device brand, and the ...
Coway said shareholders approved all of the board's proposals as submitted at its 37th annual general meeting, held at the company's head office in Gongju, South Korea.
Inside directors Junhyuk Bang, Jangwon Seo and Kim Soon-tae were re-elected, Jeon Si-mun was elected as a new outside director, and Sunwoo Hye-jeong and Jeong Hee-seon were elected as outside directors serving on the aud...
SEOUL, South Korea, May 12, 2023 --
Coway Co., Ltd. reported first-quarter 2023 consolidated revenue of 948.3 billion won, up 2.2 percent year over year, with operating profit of 175.6 billion won, up 1.7 percent. Domestic home-appliance revenue rose 3.7 percent to 580.4 billion won, aided by water purifiers and the BEREX sleep and wellness lineup including the Smart Mattress.
O...
SEOUL, South Korea, February 19, 2023 -- Coway Co., Ltd. reported fourth-quarter 2022 revenue of 980.2 billion won, up 3.6 percent year over year, with operating profit of 163.7 billion won, up 17.5 percent, and net profit of 76.1 billion won, down 12.9 percent. Full-year revenue was 3,856.1 billion won, up 5.2 percent, with operating profit of 677.4 billion won, up 5.8 percent, and net profit ...
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