Coway Co., Ltd. released an official response statement to the second shareholder proposal from Align Partners Capital Management Inc. The response outlined the company’s ongoing efforts to enhance corporate and shareholder value. Since announcing its Corporate Value-Up Plan last year, Coway has been auditing its implementation progress and reassessing strategic consistency, and has introduced what it called “supplementary measures in response to evolving market conditions.”
Coway addressed shareholder concern about potential conflicts of interest and emphasized that its transformation and long-term growth strategies are “underpinned by tangible operational milestones.” Its current core strategy includes the IT-driven rental innovation roadmap, established by Chairman Junhyu Bang, who is also spearheading the company’s digital transformation, product innovation and global strategies. Coway CEO Jangwon Seo oversees overall business operation, organizational management and operational efficiency.
Coway stated that its accountability-driven management structure delivered strong growth between 2020 and 2025, achieving an annual compound growth rate of 8.6% in revenue, 11.5% in operating profit and 10.8% in net income.
To enhance board independence and transparency, the company reiterated its commitment to advancing corporate governance standards through a systematic, multi-phase roadmap that includes a CEO Succession Policy to ensure long-term stability; an increase from 57% to 67% in independent board members; the introduction of a Lead Independent Director system to secure checks and balances within the board; the removal of all executive positions between Coway and its parent company Netmarble; and the launch of an Internal Transaction Committee comprised entirely of independent directors.
In 2025, Coway total shareholder return rate was 40%, achieved through a balanced mix of cash dividends and treasury stock acquisitions.
“Management and the board remain steadfast in our commitment to listening to our shareholders and delivering consistent, sustainable growth,” a Coway official stated. “Through disciplined strategic execution and transparent governance, Coway will continue to work to maximize long-term value for all our shareholders.”
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