Business
Coway Announces Financial Results for Q4 and FY2024
Coway Co., Ltd., the "Best Life Solution Company," has released its financial results for the fourth quarter and fiscal year 2024.
About this update from Coway Co., Ltd.
[{"type":"list","items":[{"val":[{"type":"text","content":"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)","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"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)","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Coway plans to drive steady growth in 2025 by accelerating its 'New Coway' strategy","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":364,"olType":false},{"type":"text","content":"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.","length":195,"tagName":"p"},{"type":"image","alt":"Coway Financial Results","displaySize":"","headline":null,"caption":"Coway Financial Results","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":92,"url":"https://media.zenfs.com/en/prnewswire.com/774119ec85e07bc26c3f8da771db2cc7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6J4ShdLjfY5bIUNM4X2uxw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/774119ec85e07bc26c3f8da771db2cc7","width":400,"height":92}},"href":"https://mma.prnewswire.com/media/2620373/Image__Coway_Financial_Results.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We're pleased to have delivered stable performance across both domestic and international markets in 2024, even amid challenging business environments," stated Jangwon Seo, CEO of Coway. "This success was driven by our disciplined management approach and our commitment to expanding R&D. Looking ahead, as we accelerate our 'New Coway' strategy, we will focus on developing differentiated, innovative products and expanding our global footprint to drive sustained growth."","length":509,"tagName":"p"},{"type":"text","content":"Coway reported the following earnings:","length":38,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth-quarter revenue: KRW 1,125.7 billion (+12.1% YoY)","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Fourth-quarter ope...