Coway
May 8, 2026
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 Festa promotion. Net rental account additions reached 188,000 in the quarter, up 81.8%. Overseas subsidiary revenue rose 20.2% to 537.0 billion won, led by Malaysia at 406.2 billion won, up 23.5%. Thailand revenue rose 29.3% and Indonesia rose 14.7%, while the U.S. subsidiary fell 4.1%.
CFO Soontae Kim said balanced growth at home and abroad positions Coway to pursue profitable expansion through product launches and marketing in 2026.