#South Korea #AGM #Shareholder Rights #Coway #Gongju

Coway Holds Its 37th Annual General Meeting

On April 1, 2026, Coway Co., Ltd., widely recognized as the "Best Life Solution Company," conducted its 37th Annual General Meeting (AGM) at its headquarters located in Yugu, Gongju, Chungcheongnam-do, South Korea. The event marked an important milestone in the company's ongoing commitment to enhancing shareholder engagement and corporate governance.

Key Outcomes of the Meeting

During this year's AGM, shareholders overwhelmingly approved all agenda items proposed by the board. Among the crucial resolutions were the approval of the annual financial statements, amendments to the company's bylaws, and the appointment of board members. The meeting also confirmed the remuneration limits for board members and the selection of external board members as part of the audit committee.

Notably, Junhyuk Bang, Jangwon Seo, and Soontae Kim were re-elected as internal board members, while Simun Jeon was newly appointed as an external board member. Additionally, Catherine Heyjung Sonu and Heesun Chung were appointed as new external board members to join the audit committee, further strengthening the company's governance structure.

Innovative Changes

The AGM introduced significant changes aimed at improving shareholder rights. Coway plans to implement a cumulative voting system alongside virtual meetings, which are intended to foster greater participation among shareholders. Furthermore, provisions were amended to enable the establishment of the record date for quarterly dividends after the dividend issuance resolution.

While the management's proposal to compose the audit committee entirely of external directors and to appoint an external director as the board chair was not accepted, the adjustments made are set to fortify Coway's commitment to transparency and accountability.

Statements from Leadership

Jangwon Seo, the CEO of Coway, emphasized the company's dedication to enhancing communication with shareholders. He stated, "Coway will work diligently to strengthen our relationship with our shareholders and continue our efforts toward sustainable growth and increasing corporate value."

About Coway Co., Ltd.

Founded in 1989, Coway has grown to become a leader in home appliance solutions, focusing on creating healthier living environments. The company’s innovative products, including water purifiers, air purifiers, bidets, and mattresses, are designed to enhance the quality of life. Coway also launched the BEREX brand, which focuses on sleep and wellness solutions, contributing to improved life quality through advanced mattresses and massage chairs.

Having consistently invested in research, development, and engineering, Coway has established itself as a pioneer in the home appliance industry aimed at promoting health and well-being. The firm prides itself on its award-winning products, leading market share, customer satisfaction, and brand recognition, showcasing its commitment to innovation.

Coway continues to expand its global footprint, with operations in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe, reflecting its success story in South Korea. In 2025, the company launched Coway Life Solution, a premium platform offering personalized care solutions catering to various life stages.

For more information, you can visit Coway's official website or their newsroom.