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Risk Management


Operating the organization for risk management

Coway analyzes to manage the risks that may occur during the business activity of the company. While operating a Risk Management Committee to effectively manage risks, Coway has established and operated the Issue Meeting Group in 2015 to derive the direction and solution to the crisis that may occur or continues to occur in the corporate level.

Reinforcing risk response process

Depending on the risk management policy approved by the Risk Management Committee, the concrete countermeasures are conducted through the respective business units. Each business department in close and mutual cooperation identifies, assesses and prevents the risks, and if the risks are found the suitable task forces such as crisis supporting team, media response team etc. are organized according to the Impact and characteristics identified by analyzing the related information and the level of the crisis, and manage the risks by continuous monitoring even after resolving the crisis situation.

Risk Management Process

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