Coway Teams Up with HDC Labs to Target Building Management Market

Customized Space Management Product Development Collaboration
Expanding Corporate Clients and Pioneering the Building Management Market

Coway announced on the 19th that it has signed a strategic business cooperation agreement (MOU) with HDC Labs for mutual business collaboration.

HDC Labs is a space AIoT (Artificial Intelligence Convergence Technology) company providing building management solutions and lifestyle platform services. It operates businesses such as space disinfection and sterilization, and hygiene equipment rental centered around its space management brand, Bestin Care.

At the agreement ceremony held on the 18th at HDC Labstar Tower in Seocho-gu, Seoul, Park Junhyun, Head of Coway Corporate Business Division (left), and Han Sanghyun, Head of HDC Labs Realty Division (right), are posing for a commemorative photo. (Photo by Coway)

This agreement was promoted to strengthen business competitiveness based on the core competencies possessed by both companies and to create sales synergy through the development of partnership products.

Through this agreement, the two companies will develop and introduce customized space management products combining Coway’s environmental home appliances and HDC Labs’ Bestin Care pest control services. In particular, based on the infrastructure owned by both companies, they plan to package products tailored to the characteristics of spaces such as ‘Office care (tentative name)’ and ‘Bath care (tentative name)’ and expand cooperation to develop customized space care solutions.

Coway plans to secure new sales channels in the office building and building operation platform markets and accelerate its approach to the B2B (business-to-business) market through this agreement.

Han Sang-hyun, Head of Realty Division at HDC Labs, said, “Through this business agreement, we plan to enhance the service competitiveness of both companies based on HDC Labs’ specialized know-how in space management and accumulated technological capabilities, delivering the benefits and value of the more advanced ‘Bestin Care’ to provide the best hygiene management solutions.”

Park Jun-hyun, Head of Corporate Business Division at Coway, said, “Coway, which possesses outstanding technological capabilities in the environmental home appliance field, and HDC Labs, which has expertise in space management, will cooperate to provide optimized care solutions for various spaces such as office buildings and create new business models of opportunity. We expect this collaboration to further strengthen the business competitiveness of both companies while maximizing sales synergy.”

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