Coway introduced a CODY system in 1998 and has a differentiated business model combined with rental. We have built a structure that allows users to rent home wellness appliances an early stage and maintains the value of their products through regular care services. Based on this, Coway has secured 5.7 million account customers, making it the driving force for sustainable growth and creating stable cash flow.
By expanding the value of Coway's core competence, we offer water, air, body, slip care, and home care products that provide customers with peace of mind in all aspects of life, including water, We are trying to enjoy.
In addition, we are developing 'IoCare (Internet of Care)', a new customized solution by combining IoT technology with 'Care' service, and developing it into future competitiveness. Coway will continue to strive to create vlaue and distribute to stakeholders through this differentiated DNA of innovation.
All of Coway's products and brands ultimately aim to create values that make the "environment healthier and people happier."
With a view toward sustainability management throughout the entire supply chain from procurement of materials and parts to product sales, the input of economic, social, and environmental values lead to the output of social values by which customers can become happier and the environment healthier.
Financial |
INPUT Cash Available for Production(Capital, liabilities, etc.) Total shareholders' equity: KRW 982,256 million Assets : KRW 2,158,873 million |
OUTPUT Sales : KRW 2,516.8 billion Operating profit : KRW 472.7 billion |
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Manufactured |
INPUT Tangible assets for production such as buildings, devices, etc. Investment into production facilities : KRW 3,406 billion Expenses for raw material purchase : KRW 360 billion |
OUTPUT Products manufactured in 2017 : 22,936,526 units Average working ratio : 77.5% |
Human |
INPUT Employees’ abilities, experience, commitment, etc. Investment into employee education : KRW 2.92 billion Investment into sales and service education: KRW 5.53 billion |
OUTPUT GWP(Great Work Place 1st Coway won the Grand Prize at GPTW Korea's |
Intellectual |
INPUT Intangible assets such as brands, patents, know-how, etc. R&D expense : KRW 36.2 billion Number of R&D personnel : 361 Number of government projects : 8 |
OUTPUT Intellectual properties 4,267cases (Patents: 799, Utility models : 182, Brands : 2,645(including oversea), Designs : 641) Won the 2018 Consumer Electronics Show(CES) Product Innovation Award at the World's Largest Appliances Exhibition : 5 parts |
Social |
INPUT Relationships with stockholders such as local communities, partners, etc. Number of employee volunteers : 1,482 Social contribution and donation : KRW 1.05 billion |
OUTPUT In 2017 volunteer work time per employee : 24 hours Technical support and protective activities for suppliers :13 |
Natural |
INPUT Natural environment, resources, ecosystem, etc. Investment for environment : KRW 619.8 million Raw material consumption : 15,681 Ton Energy consumption :109,643GJ |
OUTPUT Reduction of greenhouse gas emissions : 378Ton CO2e Plastic waste collected and recycled :6,515 Ton |
