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Coway logs record half-year earnings on robust rentals, overseas growth
KR📈 Economy8 hr. ago

Coway logs record half-year earnings on robust rentals, overseas growth

Coway, a South Korean home appliance manufacturer, reported record-breaking half-year earnings, driven by strong sales of premium appliances, rapid growth in rental accounts, and successful expansion in international markets. In Q2 2026, the company achieved sales of 1.44 trillion won ($1.02 billion) and an operating profit of 253.2 billion won, surpassing previous records. Domestic sales rose 7.7% year-on-year, fueled by popular products like ice water purifiers and wellness equipment. The company added 242,000 net rental accounts in South Korea, representing a 51.6% increase compared to the previous year. Overseas markets showed significant growth, with Malaysia leading at 22.2% revenue growth, followed by Thailand (53.9%), the U.S. (15.2%), and Indonesia (12.2%).

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The Korea Herald logoThe Korea HeraldIndependentCenter8 hr. ago
Coway logs record half-year earnings on robust rentals, overseas growth

Coway, a South Korean home appliance manufacturer, reported record-breaking half-year earnings, driven by strong sales of premium appliances, rapid growth in rental accounts, and successful expansion in international markets. In Q2 2026, the company achieved sales of 1.44 trillion won ($1.02 billion) and an operating profit of 253.2 billion won, surpassing previous records. Domestic sales rose 7.7% year-on-year, fueled by popular products like ice water purifiers and wellness equipment. The company added 242,000 net rental accounts in South Korea, representing a 51.6% increase compared to the previous year. Overseas markets showed significant growth, with Malaysia leading at 22.2% revenue growth, followed by Thailand (53.9%), the U.S. (15.2%), and Indonesia (12.2%).

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