The fourth quarter and full year financial report for Coway Co., Ltd. revealed 2022 fourth quarter revenue of $761 million, a 3.6% increase year-over-year.

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. 

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. 

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. 

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.

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. 

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).

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.

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. 

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. 

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 […]

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.