Coway news and press releases
Company announcements, direct sales updates and archived press coverage for Coway.
Coway news archive
Coway Fourth Quarter Revenue Rises 12 Percent to 1.13 Trillion Won; Nearly Doubles Dividend
SEOUL, South Korea, February 14, 2025 -- Coway reported fourth-quarter 2024 consolidated revenue of 1.1257 trillion won, up 12.1 percent from a year earlier, and operating profit of 183.4 billion won, up 10.4 percent. Full-year revenue reached 4.3101 trillion won, up 8.7 percent, with operating...
Coway Rebuffs Activist Align Partners' 90 Percent Payout Demand, Backs 40 Percent Return Policy
SEOUL, South Korea, January 23, 2025 -- Coway issued an official response to a shareholder proposal from activist fund Align Partners Capital Management, which had demanded dividends equal to about 90 percent of Coway's consolidated net income. Align submitted the proposal on January 7 through a...
Coway Third Quarter Revenue Rises 9.2 Percent to 1.10 Trillion Won as Rentals Top 10 Million
SEOUL, South Korea, November 8, 2024 -- Coway reported third-quarter 2024 consolidated revenue of 1,100.3 billion won, up 9.2 percent from a year earlier, and operating profit of 207.1 billion won, up 6.0 percent. Cumulative 2024 revenue reached 3,184.4 billion won, up 7.5 percent, with operating...
Coway Second Quarter Revenue Rises 7.6 Percent to 1.08 Trillion Won
SEOUL, South Korea, Aug. 9, 2024 -- Coway reported second-quarter 2024 revenue of 1,082.3 billion won, up 7.6 percent from a year earlier, and operating profit of 211.2 billion won, up 8.8 percent. First-half revenue reached 2,084.1 billion won, up 6.6 percent, with operating profit up 9.5 percent...
Coway Third Quarter Revenue Rises 3.9 Percent to 1.008 Trillion Won; Operating Profit Up 18 Percent
SEOUL, South Korea, November 8, 2023 -- Coway Co., Ltd. reported third-quarter 2023 consolidated revenue of 1,007.7 billion won, up 3.9 percent from a year earlier, and operating profit of 195.3 billion won, up 18.3 percent. Revenue for the first nine months reached 2,962.1 billion won, up 3...
Coway Second Quarter Revenue Rises 2.9 Percent to 1.006 Trillion Won
SEOUL, South Korea, Aug. 9, 2023 -- Coway Co., Ltd. reported second-quarter 2023 consolidated revenue of 1,006.2 billion won, up 2.9 percent year over year, with operating profit of 194.2 billion won, up 10.3 percent. Domestic health-appliance revenue rose 2.9 percent to 590.4 billion won, aided by...
Coway First Quarter Revenue Rises 2.2 Percent to 948.3 Billion Won
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...
Coway Fourth Quarter Revenue Rises 3.6 Percent to 980.2 Billion Won
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...
Coway Appoints Jangwon Seo as Sole Chief Executive Officer
SEOUL, South Korea, January 2, 2023 -- Coway Co., Ltd. said it is changing from a co-chief executive structure to a sole chief executive system. Jangwon Seo, who had been co-chief executive officer, will become the sole chief executive officer as co-CEO Hae-Sun Lee retires and moves into a...
Coway Third Quarter Revenue Rises 4 Percent to 969.8 Billion Won
Coway said third-quarter 2022 revenue was 969.8 billion won, up 3.8 percent from a year earlier, and operating profit rose 0.8 percent to 165.1 billion won. Year-to-date revenue reached 2,875.9 billion won, up 5.8 percent, with operating profit of 513.7 billion won, up 2.5 percent. Domestic...