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Sunday / February 5. 2023
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Coway R&D Facility Earns TÜV SÜD Korea Certification 
Coway R&D Facility Earns TÜV SÜD Korea Certification 
Coway’s Seoul-based R&D center, the Environmental Technology Research Institute, has received accreditation from TÜV SÜD Korea as a designated laboratory. Coway’s facility underwent a thorough inspection of its test environment, equipment, capabilities, processes and more to receive this certification. 
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Coway Honored by CES Innovation Awards 
Coway Honored by CES Innovation Awards 
Coway has been named a CES 2023 Innovation Awards Honoree by the Consumer Technology Association. This annual competition recognizes groundbreaking technology from around the world and reviews products for their innovation, engineering, functionality, aesthetics and design. 
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Coway Launches Sleep and Wellness Brand BEREX 
Coway Launches Sleep and Wellness Brand BEREX 
Coway Co. announced the launch of BEREX, its new sleep and wellness line. Combining the words “bed” and “relax,” the new brand name expresses the company’s belief that sleep and rest are basic human necessities as important as water and breathing. 
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Coway Builds Solar Power Plant in South Korea 
Coway Builds Solar Power Plant in South Korea 
Coway Co. will begin construction of a solar power plant in Paju, Gyeonggi Province, South Korea on the roof of iOBED, the company’s subsidiary, in early 2023.
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Coway Reports Q3 Revenue of $709 million  
Coway Reports Q3 Revenue of $709 million  
Coway Co., Ltd. reported third quarter financial results that illustrated a cumulative revenue for 2022 of $2.1 billion, a 5.8% increase year over year. In the third quarter of 2022, the company reported $709 million in revenue, a 3.8% increase, with $120 million in operating profit. 
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Coway Honored at Good Design Awards 2022 
Coway Honored at Good Design Awards 2022 
Coway Co., Ltd. was recognized at the Good Design Awards, hosted by the Japan Institute of Design Promotion (JDP) for three of its home appliance products, including the Icon Ice Water Purifier (CHPI-7400N), NOBLE Humidifier (AM-1421G), and the air purifier Airmega ProX (AP-3522E/F).
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Coway’s Noble Collection Wins IDEA Awards 
Coway’s Noble Collection Wins IDEA Awards 
Every product within Coway’s Noble Collection of purifiers, air care solutions and induction cooktop surfaces has now won an International Design Excellence Awards (IDEA) honor.
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Coway Sees 8% Bump in Second Quarter Revenue 
Coway Sees 8% Bump in Second Quarter Revenue 
In its second quarter financial report for 2022, Coway announced revenue of $754.6 million, an 8% increase year over year. The company’s operating profit was also up by 5.7% to $135.7 million. 
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Coway Receives AA rating for its ESG Initiatives 
Coway Receives AA rating for its ESG Initiatives 
The rating of AA resides in the “leader” ranking of the MSCI scale and affirms Coway’s commitment to ESG initiatives, including its goal to become net zero by 2050 and reduce greenhouse gases (GHG) by 50% by 2030. 
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Coway Reports Q1 2022 Revenue of $730 Million 
Coway Reports Q1 2022 Revenue of $730 Million 
Coway, based in South Korea, posted its financial results for the first quarter of 2022, reporting first quarter revenue of KRW 928 billion, or $730 million USD, a 5.6% year-over-year increase. First quarter operating profit was also up slightly (+1.1% year-over-year) at $140 million. First quarter net profit was up 7.3% over the same quarter […]
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Coway Receives Red Dot Design Award for 16th Consecutive Year 
Coway Receives Red Dot Design Award for 16th Consecutive Year 
duct Design at the Red Dot Design Awards, a design competition that honors innovation and design excellence. This award marks the 16th consecutive year that Coway has been named a Red Dot Design winner.
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Coway Reports Q4 Revenue of KRW 945.9 Billion
Coway Reports Q4 Revenue of KRW 945.9 Billion
Coway Co., Ltd. announced an annual revenue of KRW 3,664.3 billion in 2021 and KRW 301.6 billion in overseas revenue for the fourth quarter of 2021. 
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