- Since announcing its 2025 company valuation plan, Coway has seen tangible progress in revenue growth, shareholder returns, financial strength and governance.
- To date, the company has achieved KRW 247.3 billion in shareholder returns, meeting the 40% return rate target.
- Starting in fiscal 2026, Coway will prioritize cash dividends to secure high dividend company status and tax benefits for shareholders.
- Reporting an improved compliance rate of 74% on key governance indicators, Coway targets 93% by 2027.
SEOUL, South Korea, February 6, 2026 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solutions Company”, today announced an evaluation of the implementation status of its corporate valuation plan, highlighting concrete achievements to increase shareholder value and detailing its medium and long-term strategic roadmap.
Last year, Coway unveiled its company valuation plan, which includes the following key indicators to be achieved by 2027: achieving revenue above KRW 5 trillion; maintain a shareholder return rate of 40%; manage a net debt/EBIT ratio of up to 2.5; and improve its governance frameworks.
Since announcing the plan, Coway has conducted several internal reviews of its implementation progress and has proactively prepared additional measures to improve execution effectiveness. This disclosure aims to transparently communicate an assessment of results to date, communicate future plans to shareholders and the market, and reaffirm the credibility and positive impact of its valuation initiatives.
First Progress Towards Revenue Targets: Acceleration of KRW5 Trillion Roadmap
In 2025, Coway recorded revenue of KRW 4.96 trillion, a year-on-year increase of 15.2%. This performance significantly exceeds the company’s targeted compound annual growth rate (CAGR) of 6.5%, placing Coway well ahead of schedule to surpass its target of KRW 5 trillion by 2027.
Coway maintained solid growth in 2025 through strengthening the competitiveness of its domestic operations and continued expansion of its overseas operations. Domestically, steady growth in water purifier rental accounts helped strengthen the foundation of the company’s core business, while globally, revenue growth was driven by the continued expansion of existing foreign subsidiaries, as well as the rapid growth of new entities.
This strong performance was notably fueled by BEREX, Coway’s sleep and wellness brand, first launched in 2022 as part of President Junhyuk Bang’s strategic vision to secure new growth drivers. In 2025, BEREX generated 719.9 billion KRW in combined domestic and foreign revenue.
Along with BEREX product launches in international markets and expansion of product lines in various categories, in line with the Chairman’s global expansion strategy, the contribution of overseas markets to Coway’s overall revenue has increased to approximately 40% in 2025, thereby strengthening Coway’s presence on the global stage.
Deliver a 40% shareholder rate of return through balanced execution
Coway managed to achieve a total shareholder return rate of 40% in 2025, or KRW 247.3 billion. This was achieved through a balanced combination of KRW 137.3 billion in cash dividends and KRW 110.0 billion in treasury share acquisitions. In particular, the company retired approximately 1.9 million treasury shares acquired in 2017 and 2024 in order to directly increase the value per share.
While maintaining the 40% rate of return until 2027, Coway will prioritize cash dividends to satisfy the “high dividend company” requirements that allow shareholders to benefit from separate taxation on dividend income. The company will also maintain a dividend payout ratio of at least 25% and increase the total dividend amount by more than 10% year-on-year. The remaining 15% of the yield reserve will be flexibly distributed between treasury stock purchases and additional cash dividends to maximize shareholder tax benefits and total returns.
Maintain financial strength and stable management of the capital structure
Along with expanding growth investments and shareholder returns, Coway strives to manage its target capital structure to ensure financial stability. In 2025, the company’s net debt to EBIT ratio stood at 2.1, and Coway plans to manage it up to 2.5 by 2027 through continued and consistent management of the capital structure.
In order to obtain funds for growth investments, working capital and shareholder returns, Coway actively uses debt financing to improve capital efficiency, while rigorously maintaining its credit rating risk to further strengthen long-term fiscal sustainability.
Strengthen compliance rates for key governance indicators
Since the first announcement of its company valuation plan, Coway has reported an increase in its compliance rate on key governance indicators to 74%, an increase driven by an increase in the proportion of external directors to 67% as well as the establishment of a remuneration committee composed entirely of external directors.
Coway also presented a medium and long-term roadmap for the advancement of its corporate governance. In 2026, the company plans to establish an internal transaction committee and an independent lead director system to further improve its corporate governance, and will also undertake amendments to its articles of incorporation in line with recent revisions to South Korea’s commercial law. By 2027, Coway aims to achieve a compliance rate on key governance indicators of 93% through measures such as the adoption of electronic voting and cumulative voting systems.
A Coway official said: “Since announcing our business valuation plan, we have achieved tangible results in terms of growth rates, shareholder returns and governance standards. Going forward, we will continue to closely monitor the implementation of the plan using key indicators and remain dedicated to a balanced approach that reinforces both investment in future growth drivers and shareholder returns, thereby ensuring the constant improvement of company value in the medium to long term.
For more details on Coway’s business valuation plan, please visit the company’s website. Investor Relations Page.
About Coway Co., Ltd.
Founded in Korea in 1989, Coway, the “Best Life Solution Company”, is a leading home appliance company that makes people’s lives healthy and comfortable through innovative home appliances such as water purifiers, air purifiers, bidets and mattresses. BEREX, the company’s sleep and wellness brand, aims to improve quality of life through cutting-edge mattresses and massage chairs. Since its establishment, Coway has become a leader in the household appliances industry for the home environment, with intensive research, engineering, development and customer service. The company has proven its dedication to innovation with award-winning products, home health expertise, unmatched market share, customer satisfaction and brand recognition. Coway continues to innovate by diversifying its product lines and accelerating its overseas operations in Malaysia, the United States, Thailand, China, Indonesia, Vietnam and Europe, based on the commercial success in Korea. In 2025, the company launched Coway Life Solution, a premium senior care platform offering personalized care solutions tailored to different stages of life. For more information, please visit http://www.coway.com/ Or http://newsroom.coway.com.
SOURCE Coway Co., Ltd.
