Summarized Income Statement (accum.) (Unit: KRW billion)
Summarized Income Statement Information (accum.) (unit : bn KRW)
Category
2015
2016
2017
Sales
2,315
2,376
2,517
Cost of sales
729
812
798
Gross income
1,586
1,564
1,718
Selling and administrative expenses
1,123
1,225
1,246
Operating income
463
339
473
Net income before income tax
454
324
440
Net income
343
243
326
Features of Resource Procurement
Coway has been successful in producing most of the parts it requires in Korea through constant R&D efforts by the company’s Environmental Technology Institute and Quality Management Institute, or by purchasing them from numerous suppliers within Korea. Today, the company is also equipped with automatic production lines for filters. Furthermore, core parts used for water purifiers are ultra-precision filters, so competitors have had to work hard to increase the number of more technologically advanced products they produce in Korea to keep up with Coway.
Coway’s Supply Chain
Coway engages in trade with a total of 268 suppliers in order to procure raw materials and parts for manufacturing products.
Category
2015
2016
2017
No. of Suppliers
Total
288
273
268
Tier 1 suppliers
193
178
173
Tier 2 suppliers
95
95
95
R&D and Economic Performance Creation
Research and Development Status(Unit : KRW million, %)
Category
2015
2016
2017
R&D Expense
34,029
34,821
36,174
R&D Cost Proportion(vs Sales)
1.47
1.47
1.44
Intellectual properties
Total
Patents
Utility models
Brands (Including overseas)
Designs
4,267
799
182
2,645
641
Economic Performance Creation and Distribution
Coway distributes economic performance to various stakeholders, including shareholders, customers, employees, and suppliers. The amount distributed to stakeholders in 2017 is 124,473 ten million won.