Coway Co., Ltd. has issued an official response to the second shareholder proposal submitted by Align Partners Capital Management Inc., outlining the company’s continued efforts to strengthen corporate value and enhance shareholder returns.
The statement highlights Coway’s progress under its Corporate Value-Up Plan and details additional measures introduced to ensure long-term strategic consistency amid evolving market conditions.
Since launching its Corporate Value-Up Plan last year, Coway has been closely reviewing implementation milestones and evaluating its strategic direction. The company confirmed that it has introduced supplementary initiatives to adapt to changing economic and market dynamics while maintaining alignment with long-term objectives.
Coway emphasized that its transformation strategy is supported by measurable operational achievements rather than short-term adjustments.
The governance and leadership structures of Coway were clarified to address shareholder concerns.
As chairman, Junhyu Bang oversees digital transformation, product innovation, and global expansion strategies. Meanwhile, CEO Jangwon Seo manages overall business operations, organizational leadership, and operational efficiency.
The company notes that this accountability-based management structure has contributed to consistent performance improvements.
As a result of disciplined strategic execution and operational efficiency, Coway reported solid financial growth between 2020 and 2025.
During this period, the company achieved:
These results demonstrate sustained expansion and improved profitability over a five-year period.
To further strengthen corporate governance and transparency, Coway reaffirmed its multi-phase roadmap focused on improving board independence and oversight.
Key governance initiatives include:
These measures are designed to improve transparency, accountability, and shareholder confidence.
In 2025, Coway delivered a total shareholder return (TSR) of 40%, supported by a balanced capital allocation strategy that combined cash dividends with treasury stock acquisitions.
The company stated that it remains committed to maintaining a sustainable return structure while continuing to invest in long-term growth initiatives.
A company representative reaffirmed Coway’s long-term focus:
“Management and the board remain steadfast in our commitment to listening to our shareholders and delivering consistent, sustainable growth. Through disciplined strategic execution and transparent governance, Coway will continue to work to maximize long-term value for all our shareholders.”
A recent shareholder proposal underscores Coway’s focus on strategic execution, governance transparency, and financial sustainability. Through leadership accountability, operational milestones, and strengthened board independence, the company aims to enhance shareholder value while maintaining long-term growth stability.
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