#South Korea #AGM #Corporate Governance #Coway #Gongju

Coway's 37th Annual General Meeting: A Focus on Shareholder Rights

On March 31, 2026, Coway Co., Ltd., famously known as the "Best Life Solution Company," convened its 37th Annual General Meeting (AGM) at its Yugu office situated in Gongju City, Chungcheongnam Province, South Korea. This pivotal event marks a significant moment for the company, as it aimed to reinforce its strategy of effective communication with shareholders and solidify its commitment to sustainable growth.

Key Decisions and Approvals

During the AGM, shareholders demonstrated their support by approving all the proposals put forth by the Board of Directors. Key topics discussed included the ratification of financial statements, consolidation reports, and the distribution of retained earnings. Additionally, there were amendments proposed to the Articles of Incorporation, along with the appointment of directors and members of the Audit Committee.

The meeting also resulted in the reappointment of notable directors, including Jangwon Seo, Junhyuk Bang, and Soontae Kim. Moreover, Simun Jeon has joined as a new outside director, joining Catherine Heyjung Sonu and Heesun Chung as outside directors serving on the Audit Committee.

Enhancements to Shareholder Engagement

A major highlight of this year’s AGM was the introduction of measures aimed at enhancing shareholder rights, including a cumulative voting system and the provision for electronic general meetings. The adjustments made in the Articles of Incorporation allow for the potential setting of the record date for quarterly dividends to be established following the dividend resolution date, further modernizing the company's governance practices.

Despite these advancements, proposals suggesting that the Audit Committee consist entirely of outside directors and appointing an outside director as the Chair of the Board were not approved.

Commitment to Growth and Communication

Jangwon Seo, the CEO of Coway, emphasized the company’s dedication to bolstering shareholder communication and affirmed the importance of pursuing sustainable growth. He stated, “Coway will work to further strengthen communication with our shareholders and continue our efforts to achieve sustainable growth and enhance corporate value.”

About Coway Co., Ltd.

Founded in 1989 in Korea, Coway has established itself as a leader in the home appliances sector, focusing on making lives healthier and more comfortable through innovative products such as water purifiers, air purifiers, and bidets. The company’s brand BEREX focuses on enhancing sleep quality through advanced mattresses and massage chairs. Coway is renowned for its commitment to research, development, and customer service, which has solidified its position in both domestic and international markets. The launch of the Coway Life Solution, a premium elder care platform that provides personalized care solutions, highlights the company's focus on innovation and addressing diverse customer needs. Coway continues to expand its footprint globally across regions including Malaysia, the USA, Thailand, and Europe.

For additional information about Coway and its products, please visit Coway's official website or check their newsroom.