News for COWAY Co., Ltd. (021240.KS)

In its Corporate Value-Up Plan, Coway has identified four key indicators to enhance sustainable shareholder value: continuous growth, shareholder returns improvement, strengthened financial stability and governance sophistication. The company aims to generate revenue of over KRW 5 trillion in 2027 through core business expansion, new brand development and new business initiatives. A total shareholder return rate of 40% will be maintained for three years by means of cash dividends, and acquisition and retirement of treasury stocks. Coway will also manage its net debt-to-EBIT ratio up to 2.5 and will reinforce sophistication of governance. SEOUL, South Korea, Feb. 18, 2025 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' has officially launched its Corporate Value-Up Plan, reaffirming its commitment to the sustainable enhancement of shareholder value. Following the announcement last month of increasing its total shareholder return rate from 20% to 40%, Coway is now introducing additional strategic initiatives aimed at bolstering corporate value.

Coway's 2024 Q4 revenue reached KRW 1,125.7 billion (+12.1% YoY) with an operating profit amounted to KRW 183.4 billion (+10.4% YoY) The company's FY2024 annual revenue totaled KRW 4,310.1 billion (+8.7% YoY) with an operating profit of KRW 795.4 billion (+8.8% YoY) Coway plans to drive steady growth in 2025 by accelerating its 'New Coway' strategy SEOUL, South Korea, Feb. 14, 2025 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' has released its financial results for the fourth quarter and fiscal year 2024.

Proposals follow Coway’s failure to respond to governance concerns surrounding how the Board manages conflicts of interest with its largest shareholder, Netmarble. …

Align Partners submitted its shareholder's proposal through Seoul-based law firm Hannuri Law LLC on January 7th, 2025 The shareholder's proposal includes a demand for the dividend rate expected to account for 90% of consolidated net income Coway plans to propose its own agenda for shareholder return rate based on the finalization of the company's financial statements, the progress of external audit, and the company's proposed shareholder return rate of 40%, separate from the shareholder's proposal SEOUL, South Korea, Jan. 23, 2025 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' has issued an official response to the shareholder's proposal of Align Partners Capital Management Inc. ('Align Partners').

Coway Issues Official Statement Responding to Align Partners' Shareholder's Proposal

Total Shareholder Return Rate* Increase: Doubling from 20% to 40% through 2027 to enhance shareholder value. Dividend Increase and Share Cancellation: For FY2024, cash dividends will more than double compared to the previous year, and 2.56% of all treasury shares will be canceled. Corporate Value-Up Program Participation: Scheduled participation in South Korea's Corporate Value-Up Program in 2025. SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' has announced the expansion of its shareholder return policy, reinforcing its commitment to enhancing shareholder value and long-term, sustainable financial growth.

Coway Announces Expansion of Shareholder Return Policy

PR NewswireSEOUL, South Korea, Jan. 5, 2025 SEOUL, South Korea, Jan. 5, 2025 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," announced t

Ranked in the top 20% among 600 evaluated companies The only Korean company selected in the DHP Household Durables Industry category SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' announced that it is on the '2024 Dow Jones Sustainability Asia Pacific Index ('DJSI Asia Pacific')' for the 12th consecutive year.

The National Asthma Council Australia's Sensitive Choice program has recognised Coway's Airmega air purifier lineup as being Sensitive Choice approved with the potential to benefit people living with asthma and allergies. Amid peak allergy season, Coway's asthma and allergy-friendly range of Airmega air purifiers are available at a discount during Amazon's Black Friday and Cyber Monday deals that are running from now until December 2nd, as well as during Amazon Boxing Day deals from December 24th to 28th. SYDNEY, Nov. 28, 2024 /PRNewswire/ -- As Australia transitions from spring to summer, rising pollen counts and increasingly extreme weather conditions are expected to worsen allergy and asthma symptoms across the board.

Coway Announces Financial Results for Q3 FY2024

SEOUL, South Korea, Sept. 30, 2024 /PRNewswire/ -- Coway Co., Ltd., the 'Best Life Solution Company,' proudly announced today that it has been named a Finalist five times at the International Design Excellence Awards (IDEA) 2024, showcasing its strength in global design innovation.

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