Coway's Sales Reach 3.6643 Trillion KRW Last Year, Up 13.2% YoY

[Asia Economy Reporter Donghyun Choi] Coway announced on the 16th that its sales last year reached 3.6643 trillion KRW, a 13.2% increase compared to the previous year. During the same period, operating profit was 640.2 billion KRW, and net profit was 465.5 billion KRW, increasing by 5.6% and 15.0%, respectively.

Coway's domestic environmental home appliance business last year recorded 2.2453 trillion KRW, a 5.5% increase compared to the previous year, driven by the sales of innovative products such as the premium design appliances 'Noble Collection' and 'Icon Water Purifier.' The total number of domestic accounts reached 6.5 million.

Coway's overseas subsidiaries' annual sales amounted to 1.2151 trillion KRW, a 35.6% increase compared to the previous year. Major overseas subsidiaries in Malaysia and the United States recorded sales of 980.2 billion KRW and 169.6 billion KRW, respectively, marking increases of 38.3% and 11.3% compared to the previous year. The total number of accounts for Coway's overseas subsidiaries reached 2.58 million, a 33.5% increase compared to the same period last year. As of 2021, Coway's total domestic and overseas accounts amounted to 9.08 million.

Jangwon Seo, CEO of Coway, said, "Coway recorded solid business performance last year by transforming into the 'New Coway' through innovation in products, services, and design," adding, "This year, we plan to make it a year to complete the continuous innovation in products, services, and design."

This content was produced with the assistance of AI translation services.