Coway Named a "2026 Value-Up Excellent Company"... Shareholder Return Policy Recognized

Coway was selected as one of the "2026 Value-Up Excellent Companies" organized by the Korea Exchange and received the Chairman's Award from the Financial Services Commission. The company explained that its board-centered responsible management system and recently strengthened shareholder return policy were highly praised.

At the awards ceremony held on the 27th at the Korea Exchange in Yeongdeungpo-gu, Seoul, Jangwon Seo, CEO of Coway (right), and Eogwon Lee, Chairman of the Financial Services Commission (left), are posing for a commemorative photo. Coway

On the 27th, Coway announced that it was named among the ten "2026 Value-Up Excellent Companies" selected by the Korea Exchange. The Value-Up Excellence Award is presented to companies that strive to enhance shareholder value and deliver outstanding results.

Last year, Coway unveiled its plan to enhance corporate value, setting the following as key initiatives: a shareholder return ratio of 40%, establishing a target capital structure (Net Debt to EBIT of 2.5 times), and advancing governance practices. In February of this year, Coway voluntarily disclosed its progress on the Value-Up plan, further strengthening communication with the market.

Particularly, the fact that the entire process—from the formulation to the implementation and monitoring of the corporate value enhancement plan—was led by the board of directors received positive feedback. Coway established a target capital structure that considers both financial soundness and growth potential, thereby improving capital efficiency, and doubled its total shareholder return ratio from the previous 20% to 40%.

Starting this year, Coway will introduce a quarterly dividend system to further strengthen its shareholder return policy. In addition, the company plans to operate policies that meet the requirements for high-dividend companies so that shareholders can benefit from separate taxation on dividend income, and to pursue amendments to its articles of incorporation to allow the determination of the dividend record date after the dividend amount is finalized.

Efforts to improve governance are also underway. Coway has introduced a lead independent director system and established a Compensation Committee and an Internal Transaction Committee, thereby enhancing the independence and transparency of its board. The company has also established a medium- to long-term governance roadmap to accelerate the development of an advanced governance structure.

Coway is also expanding its IR activities. To increase accessibility for foreign investors, Coway is expanding English disclosures and non-deal roadshows (NDRs). In addition, the CEO’s shareholder letter is used to share the Value-Up plan and implementation results, thereby strengthening communication with the market.

Jang-won Seo, CEO of Coway, stated, "Our selection as a Value-Up Excellent Company is the result of our efforts to enhance shareholder value and lay the foundation for sustainable growth under the board's responsible management. We will continue to enhance our corporate value through advanced governance, balanced shareholder return policies, and transparent communication with the market."

This content was produced with the assistance of AI translation services.