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Risk Management

Risk management and mitigation

Each business division of Coway manages key risks associated with business activities preemptively. The financial risks such as market, credit and liquidity as well as the non-financial risks including compliance and policy etc. are also actively managed.

비재무 리스크 관리

협력사 품질 혁신 프로젝트 시행 코웨이는 협력사들의 제품 품질 향상에도 앞장서고 있습니다. 2015년에는 협력사의 공정 및 신제품 품질 안정화를 위하여 ‘품질 혁신 프로젝트’를 시행하였습니다. 이를 통해 협력사의 품질 경쟁력을 확보할 뿐만 아니라 고품질의 제품을 제공해 고객만족도까지 함께 제고하고 있습니다.

Emerging Risk	Risk Impacts
Business RIsk	environmental appliance business witnessed increasing market opportunities as the environmental pollution has deteriorating while it is essential to ensure differentiated growth strategy as the competition is gradually increasing. Mitigation Actions To enhance premium products and service value and to secure new growth engines by developing the service combining the technology of Internet of Things To diversify the sales channel and to enhance the business bases through the innovation of system and service. To expand overseas business through the regional differentiation strategy
Supply chain Risk	Competitive composition of companies in recent years is now being intensified by the competition among supply chain. In particular, Coway keeps the business with a variety of suppliers to deliver the raw materials and components necessary for the operation and production of manufacture-based business, which makes the supply chain risk management essential part of its business activities. Mitigation Actions Building sustainable management systems by adding the items to the supplier evaluation such as industrial safety, environment and labor contracts etc. Strengthening the energy competitiveness by continuing to support the Carbon Partnership suppliers and preventing the supplier risks due to climate change
Privacy Risk	As online/mobile prevails, the acquisition and distribution of personal information has been facilitated, but the security, system, and awareness level lag behind so the social anxiety and concerns are growing. Mitigation Actions Strengthening information security infrastructure by building a consolidated security management system Managing the utilization of privacy in business activities

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SustainabilityMangement

Risk Management

Risk management and mitigation

Sustainability
Mangement