Organizational Scope
Financial Data
Summary of Consolidated Financial Statements Unit : KRW million
| Category |
2013 |
2014 |
2015 |
| Current Assets |
6,914 |
5,968 |
6,534 |
| Non-current Assets |
9,764 |
10,248 |
11,221 |
| Total Assets |
16,679 |
16,216 |
17,754 |
| Current Liabilities |
6,767 |
5,260 |
4,729 |
| Non-current Liabilities |
502 |
562 |
643 |
| Total Liabilities |
7,270 |
5,822 |
5,372 |
| Total Shareholders’ Equity |
9,409 |
10,394 |
12,382 |
| Sales |
21,183 |
21,603 |
23,152 |
| Operating Profit |
3,390 |
3,644 |
4,633 |
| Income Before Income Tax |
3,271 |
3,324 |
4,545 |
| Net Income |
2,451 |
2,497 |
3,431 |
Summary of Non-Consolidated Financial Statements Unit: KRW million
| Category |
2013 |
2014 |
2015 |
| Current Assets |
6,425 |
5,731 |
6,581 |
| Non-current Assets |
9,986 |
10,029 |
10,843 |
| Non-current Assets |
16,411 |
15,760 |
17,424 |
| Current Liabilities |
6,368 |
4,680 |
4,216 |
| Non-current Liabilities |
369 |
490 |
513 |
| Total Liabilities |
6,737 |
5,170 |
4,729 |
| Total Shareholders’ Equity |
9,673 |
10,590 |
12,694 |
| Sales |
19,337 |
20,136 |
21,613 |
| Operating Profit |
3,332 |
3,775 |
4,630 |
| Income Before Income Tax |
3,505 |
3,297 |
4,608 |
| Net Income |
2,532 |
2,429 |
3,494 |
Customers
| Customers |
Unit |
2013 |
2014 |
2015 |
| No. of Customer Accounts |
10,000 accounts |
544 |
561 |
577 |
※ Since 2013, the figures have excluded bond accounts and accounts with no fixed ownership and free-of-charge membership
Coway’s Supply Chain
Coway engages in trade with a total of 288 suppliers in order to procure raw
materials and parts for manufacturing products. In 2015, Coway purchased approximately KRW 50.64 billion worth of parts and materials for production.
| Category |
2013 |
2014 |
2015 |
| No. of Suppliers |
Total |
225 |
224 |
288 |
| Tier 1 suppliers |
155 |
151 |
193 |
| Tier 2 suppliers |
70 |
73 |
95 |
Features of Resource Procurement
Coway has been successful in producing most of the parts it requires in Korea through constant R&D efforts by the company’s Environmental Technology Institute and Quality Management Institute, or by purchasing them from numerous suppliers within Korea. Today, the company is also equipped with automatic production lines for filters. Furthermore, core parts used for water purifiers are ultra-precision filters, so competitors have had to work hard to increase the number of more technologically advanced products they produce in Korea to keep up with Coway.
Comparison of New Employees’ Remuneration and the Legal Minimum
| Category |
2013 |
2014 |
2015 |
New Employee Monthly Wages
Compared to the
Legal Minimum |
Legal Minimum Wage(monthly, KRW 10,000) |
101.5 |
108.8 |
116.6 |
| New Employee Wages(monthly, KRW 10,000) |
298.5 |
307.5 |
316.7 |
| Rate (%) |
296 |
282 |
272 |
