26.6 C
Vientiane
Tuesday, August 19, 2025
spot_img
Home Blog Page 1187

Sungrow Ranks in the Global Top 5%, Awarded EcoVadis Gold Medal

HEFEI, China, Feb. 18, 2025 /PRNewswire/ — Sungrow, the globally renowned renewable energy company, was honored with the prestigious EcoVadis Gold Medal recently, positioning it within the top 5% of global companies due to its strong ESG practices. The Company showcased exceptional performance in environmental stewardship, sustainable procurement, business ethics, and so on, achieving a score within the top 2% of its industry.

Sungrow Ranks in the Global Top 5%, Awarded EcoVadis Gold Medal
Sungrow Ranks in the Global Top 5%, Awarded EcoVadis Gold Medal

Sungrow has continuously integrated its sustainability philosophy, “Green Mission Better Life”, into its corporate strategy, driving green transition across more than 180 countries and regions worldwide. The Company has implemented initiatives such as greenhouse gas (GHG) inventory, energy efficiency improvements, and resource conservation. By the end of 2024, Sungrow aims to increase its renewable energy electricity usage to 65%, advancing towards its climate goal of achieving operational carbon neutrality by 2028. It safeguards employee rights, upholds ethical operations, and ensures transparent governance while collaborating with partners to build a sustainable supply chain.

As the global trusted provider of business sustainability ratings, EcoVadis assesses companies based on international standards, including the Global Reporting Initiative (GRI), United Nations Global Compact (UNGC), and ISO 26000. Its assessments cover over 150,000 enterprises across 250+ industries and 180+ countries and regions.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

CONTACT: Mina Zhang, mina.zhang@cn.sungrowpower.com 

State Grid Linxia Power Supply Company: Electric “beautiful” Lantern Festival, guarding the lights of thousands of households

HEZHOU, China, Feb. 18, 2025 /PRNewswire/ — On February 11th, on the eve of the Lantern Festival, various parts of the country showcased a colorful scene, and Hezhou was no exception. Everywhere was decorated with lights and decorations, presenting a vibrant scene. Behind such a grand festival, It is the responsibility and commitment of the “you use electricity, I care” service concept, showing the pursuit of excellence and guarding every shining light scattered Inside of Hezhou.

In order to ensure the safety and reliability of power supply during the Lantern Festival, State Grid Linxia Power Supply Company has formulated a detailed power supply plan for the Lantern Festival based on the experience of ensuring power supply during the Spring Festival and in response to the recent cold wave weather. The work of ensuring power supply during the Lantern Festival was deployed from various aspects such as power grid operation, accident repair, and power supply services to ensure that responsibilities in each link are implemented.

On the day of the Lantern Festival, the company organized the State Grid Gansu Electric Power (Linxia Ma Jinwei) Communist Party Member Service Team and the “Yellow River Bank” Volunteer Service Team to conduct on-site duty on important power transmission and distribution lines and equipment. Increase the frequency of inspections and inspections of important routes, equipment, and densely populated areas in the urban area to ensure that the operation of routes and equipment is kept at all times, and to ensure that the masses have a joyful, peaceful, and festive Lantern Festival.

In addition, in order to effectively respond to sudden failures, the company has established 62 third-level repair teams, with 568 personnel and 118 vehicles. It has prepared 3 emergency power supply vehicles, 2 insulated arm vehicles, and 57 generators, and has prepared sufficient emergency supplies. To ensure that repair teams can arrive at the site as soon as possible and complete the repair work quickly and efficiently when a failure occurs.

The Lantern Festival is a traditional festival of the Chinese nation. Various celebrations such as lantern festivals and evening parties are rich and colorful, and the guarantee of power supply is particularly important. State Grid Linxia Power Supply Company will stick to its post with a high sense of responsibility and mission, make every effort to ensure the power supply during the holiday period, ensure the safe and stable operation of the power grid, safeguard the lights of thousands of households, and let the people have a bright and warm Lantern Festival.

Agility: As Risks Loom, Logistics Execs Say They’ve Rewired Supply Chains

Industry looks to shield itself from trade wars, inflation, possible recession

DUBAI, UAE, Feb. 18, 2025 /PRNewswire/ — More than 62% of logistics industry professionals say they’ve overhauled their supply chains to safeguard against inflation, looming trade tariffs, the possibility of a global economic downturn and other major risks.

According to the 2025 Agility Emerging Markets Logistics Index, the logistics industry is looking to protect itself from rising costs and a potential trade war ignited by expected U.S. tariff hikes and a flood of exports from China.
According to the 2025 Agility Emerging Markets Logistics Index, the logistics industry is looking to protect itself from rising costs and a potential trade war ignited by expected U.S. tariff hikes and a flood of exports from China.

Entering 2025, the logistics industry is looking to protect itself from rising costs and a potential trade war ignited by expected U.S. tariff hikes and a flood of exports from China, according to a survey of 567 executives for the 2025 Agility Emerging Markets Logistics Index.

Nearly 55% of respondents see a global recession as likely or certain. Almost 82% say tariffs and other trade protectionism are having a significant impact on their supply chains. Seventy-two percent say risks in emerging markets have increased over the past year.

“There is wariness and uncertainty among shippers, carriers, forwarders and others when it comes to the geopolitical factors that drive up costs, affect trade volumes, and alter supply chains,” says Agility Vice Chairman Tarek Sultan. “Companies doing business internationally continue to shift production as they re-evaluate investment plans and search for durable paths to growth.”

The survey and Index are Agility’s 16th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. The Index ranks countries for overall competitiveness based on domestic and international logistics strengths, business climates and digital readiness — factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

The 2025 Index features an in-depth analysis of the Arabian Gulf economies. Individually and as a group, the six Gulf countries are positioning themselves as global trade hubs, investing heavily in infrastructure, AI, energy transition, and workforce development. Despite increasing risk to global supply chains, the United Arab Emirates, Saudi Arabia and other Gulf countries have become “beacons of stability” and resilience, the Index concludes.

Stability at the top of the 50-country rankings was accompanied by volatility and movement further down in the Index. China, India, UAE, Saudi Arabia, Malaysia, Indonesia, Mexico, Qatar, Thailand and Vietnam rank 1 through 10. Colombia (No. 21) leaped up the rankings; Nigeria (43), Bangladesh (39) and Ukraine (40) tumbled.

The six Gulf countries all are among the top 11 for business conditions: UAE again tops the rankings for best business climate; Saudi Arabia is 3rd; Qatar 5th. The countries most digitally ready are China, UAE, Malaysia, Qatar and Saudi Arabia.

In international logistics opportunities, China, India, Mexico, Indonesia and Saudi Arabia rank highest. In domestic logistics, the leaders are China, India, Indonesia, Saudi Arabia and UAE. 

2025 Index Highlights

SURVEY

  • China – 54% intend to move production or sourcing out of China in the next five years with U.S.-China trade friction, labor costs and increasing domestic regulation being the biggest factors.
  • Africa – Despite seeing heightened risks in emerging markets, 35% plan to boost investment in Africa in 2025 vs. only 8% planning to cut back there.
  • Net-Zero – Nearly 65% say their companies are on track to meet net-zero goals.

COUNTRY RANKINGS

  • In the Middle East and North Africa, overall rankings are: UAE (3); Saudi Arabia (4); Qatar (8); Turkey (11); Oman (14); Bahrain (16); Jordan (17); Kuwait (18); Egypt (24); Morocco (26); Iran (32); Tunisia (36); Algeria (38); Lebanon (42); Libya (46).
  • Rankings in Sub-Saharan Africa: South Africa (20); Kenya (22); Ghana (31); Tanzania (37); Uganda (41); Nigeria (43); Ethiopia (45); Angola (47); Mozambique (48).
  • Rankings in Asia: China (1); India (2); Malaysia (5); Indonesia (6); Thailand (9); Vietnam (10); Philippines (23); Kazakhstan (25); Sri Lanka (27); Cambodia (30); Pakistan (33); Bangladesh (39); Myanmar (49).
  • Rankings for Latin America: Mexico (7); Chile (11); Brazil (13); Uruguay (19); Colombia (21); Peru (28); Argentina (29); Ecuador (34); Paraguay (35); Bolivia (44); Venezuela (50).
  • In Europe: Ukraine (40).

Transport Intelligence (Ti), a leading analysis and research firm for the logistics industry, has compiled the Index since it was launched in 2009.

John Manners-Bell, Chief Executive of Ti, said: “The supply chain industry is entering a new era in which the ability to respond to macro-economic and geopolitical events will be critical. The looming prospect of tariffs and trade wars will force shippers to re-evaluate the resilience of their production, off-shoring and sourcing strategies and it will be imperative for logistics providers to respond appropriately in a timely and effective manner.”

2025 Agility Emerging Markets Logistics Index: agility.com/2025index

About Agility

Agility is a global leader in supply chain services, infrastructure, and innovation with 60,000+ employees across six continents. A multi-business operator and investor, Agility specializes in growing and scaling operating businesses. Agility’s companies include the world’s largest aviation services company (Menzies Aviation); a global fuel logistics business (Tristar); a leading logistics parks developer and operator across the Middle East, South Asia, and Africa (Agility Logistics Parks); and a commercial real-estate company developing a mega-mall in the UAE (UPAC). Other Agility companies offer customs digitization services, remote-site infrastructure services, defense and government services, and ecommerce-enablement and digital logistics. Agility invests in supply chain innovation, sustainability, and resilience, and has minority holdings in a growing portfolio of listed and non-listed companies. 

For more information about Agility, visit:

Website: www.agility.com
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility 
YouTube: youtube.com/user/agilitycorp 

 

Children’s Development Expert Wang Hongzhe Appointed as Brand Consultant for TutorABC Junior to Ignite Children’s “English Brain”

TAIPEI, Feb. 18, 2025 /PRNewswire/ — TutorABC, a global leader in online language education, proudly announces the appointment of renowned children’s development expert Wang Hongzhe as Brand Consultant and Ambassador for TutorABC Junior. Drawing on decades of trusted expertise, Wang will help refine TutorABC Junior’s scientifically driven, highly effective approach to English instruction—enhancing a platform already endorsed by Oxford and Cambridge Universities and trusted by over 100 million learners across 100 countries. This strategic partnership sets a new industry benchmark and offers parents a reliable seal of quality.

Esteemed children’s development expert Wang Hongzhe becomes Brand Consultant and Ambassador for TutorABC Junior, championing a more scientific and effective way for kids to learn English.
Esteemed children’s development expert Wang Hongzhe becomes Brand Consultant and Ambassador for TutorABC Junior, championing a more scientific and effective way for kids to learn English.

【Activate the “English Brain” for More Effective Learning】

“In my 20 years in education, I’ve repeatedly seen children lose motivation, struggle to find sound study methods, and score well on tests yet fail to communicate in real-world scenarios,” Wang explains. “I encountered these same obstacles as a parent—until I discovered TutorABC Junior, which tackles all these issues through a remarkably holistic approach.”

Wang credits the platform’s AI-powered matching system, which adapts lessons to each child’s interests and current proficiency, igniting genuine engagement. His own son, a basketball fan, was paired with a native-speaking teacher who shares his passion for sports. “That personal connection keeps my son excited and immersed in English,” Wang says.

“Every lesson is guided by inquiry-based learning (Big Question) that aligns with a child’s cognitive development, prompting active thinking and expression. The spiral teaching method provides continuous review to reinforce what’s been learned, and CLIL (Content and Language Integrated Learning) introduces science, culture, and other diverse topics. This blend not only refines language skills but also broadens a child’s overall learning horizon.”

【Premium Quality Teaching and Robust Curriculum as the Foundation】

“As a children’s development expert, I believe high-quality instruction is the foundation of effective learning,” Wang emphasizes. “TutorABC Junior’s teacher training is the most rigorous I’ve encountered: each of its 35,000 global native-speaking educators is fully trained under the Cambridge English Teaching Framework, holds TESOL/TEFL certification, and has more than five years of experience teaching children.”

Beyond that, the platform’s AI-personalized courses, Oxford-based curriculum, alignment with Taiwan’s 108 Curriculum Guidelines, and GEPT exam prep ensure that students not only excel on tests but also gain the confidence to use English in real-life settings.”

【Why TutorABC Junior?】

  • Four-Teacher Premium Support
    An industry-first model featuring a native-speaking teacher, a bilingual teacher, a tutor for post-class reinforcement, and a learning advisor—ensuring comprehensive, personalized guidance.
  • Internationally Accredited Instructors
    All teachers are fully trained under the Cambridge English Teaching Framework, TESOL/TEFL-certified, and have at least five years of experience using TPR (Total Physical Response) methods.
  • kidSAFE & COPPA Certified
    The only platform in the industry with both kidSAFE and COPPA approvals, guaranteeing online safety, privacy protection, 24/7 flexible scheduling, and a dedicated parent monitoring app.
  • Synchronized British and American Curricula
    High-quality UK and US materials help children seamlessly integrate into global education systems, focusing on practical language skills and international perspectives.
  • Aligned with the 108 Curriculum Guidelines
    Covers all key competencies with structured preview and review sessions, boosting classroom confidence and engagement through regularly updated content.
  • Noticeable Progress in Just Seven Weeks
    Inquiry-based, spiral, and CLIL methodologies drive a 21% average proficiency boost—often propelling students to high school–level English before they finish elementary school.

【Limited-Time Offer: Personalized Consultation with Wang Hongzhe】

Widely celebrated for his pioneering educational philosophy and proven parenting strategies, Wang’s appointment as TutorABC Junior’s Brand Consultant underscores the platform’s capacity to truly “activate the English brain.”

To commemorate this partnership, TutorABC Junior is offering a limited-time promotion: parents who register for a trial lesson before the end of this month will receive a one-on-one evaluation from Wang Hongzhe himself, along with complimentary online English lessons.

This exclusive opportunity provides parents with a clear understanding of their child’s learning needs and the most effective roadmap to English mastery.

>Register Now for a Free One-on-One Trial Lesson and English Proficiency Analysis!

https://www.tutorjr.com/count.asp?code=pCoGE6fB8r

About TutorABC
TutorABC (www.tutorabc.com.), a global leader in online education, is authorized by Oxford and Cambridge and recognized as “The Only Premium and Professional Online Education, Powered by Oxford and Cambridge.” Since 2004, it has also partnered with world-class institutions like Barron’s, Kaplan, and over 400 leading international universities to offer English, Chinese, exam prep, and study abroad services. With AI-powered matching technology, certified teachers, and professional materials, TutorABC delivers personalized, high-quality learning. Over 100 million students, 3,000 corporations and 35,000 teachers worldwide trust TutorABC for language education.

Tencent Cloud Brings Flagship Cloud Day to Indonesia to Showcase Local Enterprises’ Transformation with Cloud, AI and Media Technologies

JAKARTA, Indonesia, Feb. 18, 2025 /PRNewswire/ — Tencent Cloud, the cloud arm of the global tech company Tencent, hosted its first-ever Tencent Cloud Day in Indonesia, highlighting the transformative impact of its cloud, AI, media, and fintech solutions through success stories with local enterprises and partners.

The inaugural flagship event welcomed close to 500 guests. Joined by subject matter experts from senior leadership across Tencent Cloud’s key industry partners such as GoTo, Telkomsel, Allo Bank, Bank DKI, DANA, Ruangguru, Everywhere.id, and more; the event spotlighted insightful discussions on the impact of AI, fintech, media services, and gaming solutions in Indonesia.

Tencent Cloud reinforced its commitment to supporting local enterprises and expanding cloud capacity by announcing the development plan of its third data center in the country. The new infrastructure service will complement its existing data centers, joining Tencent Cloud’s global network of over 50 availability zones spanning 21 regions, including Indonesia.

Dowson Tong, Senior Executive Vice President of Tencent and CEO of Cloud and Smart Industries Group (CSIG) highlighted, “Tencent Cloud remains dedicated to empowering local enterprises to drive innovation, enhance competitiveness, and achieve business goals with cutting-edge cloud, AI and media solutions. Our decision to develop a third data center in Indonesia is driven by its dynamic economy and digitally savvy population, positioning the country as a future-ready hub for business and innovation.”

Strengthening Indonesia’s Digital Economy across Key Sectors

Today, Indonesia’s financial services sector is at the forefront of digital transformation, leveraging technology to enhance financial inclusion and cross-border interoperability, while addressing challenges with legacy systems and transaction security.

The growth of Indonesia’s digital ecosystem is reflective of Tencent Cloud’s continued development in the market, underscoring its expertise in supporting enterprise digital transformation for its partner network across financial services, digital media and entertainment, as well as telecommunications and service sectors.

As a pioneer in the superapp space, GoTo has set an industry benchmark for digital ecosystems in Indonesia. Speaking at the event’s fireside chat on empowering Indonesia’s digital economy, GoTo CEO Patrick Walujo emphasized the company’s vision for a collaborative digital landscape, and mentioned that, “Building a synergetic digital ecosystem requires strong partnerships and innovation. Our collaboration with Tencent Cloud enables us to harness cutting-edge cloud technologies to drive operation efficiency, enhance user experience, and create new opportunities for businesses across Indonesia.”

Beyond superapps, Tencent Cloud Day Indonesia also marked new collaborations with Mega Buana Teknologi and Noctua, while reestablishing its legacy partnerships with local partner networks.

For instance, Bank Neo Commerce leverages Tencent Cloud’s distributed SQL database to securely manage customer data and scale operations, handling over 5 million transactions daily. Telkomsel also utilizes Tencent Cloud’s SuperApp-as-a-Service and AI-powered palm verification for seamless e-commerce and secure transactions. In entertainment, Everywhere.ID integrates Tencent’s Real-Time Communication and AI tools for an enhanced live streaming experience.

Supporting the International Growth Aspirations of Indonesian Enterprises 

Indonesian businesses have grown to become active contributors to Tencent Cloud’s global partner ecosystem, which now has over 11,000 partners offering more than 400 solutions across 30 industries globally. Tencent Cloud continues to recruit local and regional partners to support our growing international business, particularly across the media, entertainment, and live-streaming sectors.

Tencent Cloud is also well-positioned to facilitate the expansion of Indonesian companies and capture cross-border business opportunities in China. Having supported similar expansions for Fortune 500 companies like Mercedes-Benz and Sanofi, the Chinese consumer market is a diverse and compelling proposition for Indonesian businesses with international aspirations.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

Champasack Plans to Upgrade the Million-Year-Old Volcano Tourist Attraction from District to Provincial Level

Phu Katae, located in Nongyathueng village the Million-Year-Old Volcano in Paksong District. (Photo: tomotom)

Champasack Province is planning an upgrade for one of its most unique tourist destinations: the Million-Year-Old Volcano in Paksong District. 

IGA Morphett Vale Embraces Energy Independence with GoodWe and Solaring

ADELAIDE, Australia, Feb. 18, 2025 /PRNewswire/ — A local IGA supermarket in Morphett Vale has taken a major step towards energy independence with the installation of a GoodWe energy storage system, installed by South Australian retailer, Solaring. This milestone project not only reduces the store’s reliance on the grid but also ensures uninterrupted operations, safeguarding perishable goods even during power outages.

GoodWe ET29.9kW Hybrid Inverter paired with 102.4kWh Lynx F G2 batteries
GoodWe ET29.9kW Hybrid Inverter paired with 102.4kWh Lynx F G2 batteries

At the core of this installation is the GoodWe GW29.9k-ET Hybrid Inverter, paired with 102.4kWh of GoodWe’s Lynx F G2 batteries, comprising of four 25.6kWH stacks in parallel. ET Series Hybrid Inverter allows for up to 200% oversizing, enabling the store to maximise energy production and optimise solar power consumption. With 60kW of solar panels paired with the 30kW inverter, IGA Morphett Vale can generate significantly more power than the inverter’s nominal rating, resulting in substantial cost savings and greater energy autonomy.

One of the standout benefits of this system is its ability to provide seamless backup power in the event of a grid outage. The Lynx F G2 batteries ensure that critical operations including security systems, payment tills, food storage, lighting, and refrigeration continue running, allowing the store to operate without disruption and maintain essential services for the community.

The installation was completed by Solaring, a South Australia-based commercial solar specialist, ensuring minimal disruption to IGA’s operations. Rajan Kumar Katkam from Solaring highlighted the project’s impact:

The system is saving approximately 68 megawatt-hours of power annually—equivalent to preventing 20,000 kilograms of coal from being burned. We are proud to help businesses become more sustainable and contribute to Australia’s net-zero mission. This installation not only reduces energy costs but also makes a real difference to the environment and the local community.”

Dean Williamson, Country Manager at GoodWe Australia, emphasised the value of this innovative solution:

“This project showcases how businesses can harness the power of solar and storage to drive long-term sustainability and financial benefits. The ET Series Hybrid Inverter’s oversizing capability, combined with the Lynx F G2 battery, ensures businesses can maximise self-consumption and reduce their reliance on the grid. By integrating high-performance solar and storage, IGA Morphett Vale is future-proofing its operations and reinforcing its commitment to sustainability.”

Since the installation, IGA Morphett Vale has already seen a 50% reduction in monthly power costs. The success of the initial system has prompted plans for an expansion, with the store set to add more battery storage and a second ET30 Hybrid Inverter. By storing excess solar energy in the Lynx F G2 battery system instead of exporting it to the grid for minimal compensation, the store is saving 45 cents per kilowatt-hour, a significant increase compared to the 5 cents per kWh they would otherwise receive.

About GoodWe:
GoodWe is a world-leading PV inverter and energy storage systems manufacturer listed on the Shanghai Stock Exchange (Stock Code: 688390). The company has more than 5000 employees located in 15 different countries and a team of over 1000 engineers working at its R&D centres to continuously optimise and advance energy storage technology. GoodWe storage inverters were ranked in the top 3 globally by Wood Mackenzie in 2022, the company was ranked 2nd in the top Australian inverter suppliers by Sunwiz and the most financially stable inverter company by BloombergNEF. Having achieved over seven consecutive TÜV Rheinland “All Quality Matters” awards and consistently being ranked at the top in terms of overall product quality, GoodWe’s comprehensive portfolio of products and solutions for residential, commercial, and utility-scale PV systems is guaranteed to deliver high performance and reliable quality across the board. For more information, please visit www.goodwe.com.au

 

Coway Unveils Corporate Value-Up Plan with Revenue Target of KRW 5 Trillion in 2027

  • In its Corporate Value-Up Plan, Coway has identified four key indicators to enhance sustainable shareholder value: continuous growth, shareholder returns improvement, strengthened financial stability and governance sophistication.
  • The company aims to generate revenue of over KRW 5 trillion in 2027 through core business expansion, new brand development and new business initiatives.
  • A total shareholder return rate of 40% will be maintained for three years by means of cash dividends, and acquisition and retirement of treasury stocks.
  • Coway will also manage its net debt-to-EBIT ratio up to 2.5 and will reinforce sophistication of governance.

SEOUL, South Korea, Feb. 18, 2025 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solution Company,” has officially launched its Corporate Value-Up Plan, reaffirming its commitment to the sustainable enhancement of shareholder value. Following the announcement last month of increasing its total shareholder return rate from 20% to 40%, Coway is now introducing additional strategic initiatives aimed at bolstering corporate value.

In a board meeting held on February 13th, Coway identified four key indicators for enhancing sustainable shareholder value: continuous growth, shareholder returns improvement, appropriate capital structure, and governance sophistication. Based on these indicators, the company has formalized its corporate value enhancement strategy, namely its Corporate Value-Up Plan.

Driving Continuous Growth: Setting Revenue Goals Exceeding KRW 5 Trillion in 2027

Coway is aiming for a compound annual growth rate (CAGR) of 6.5% from 2025 to 2027, with the goal of exceeding KRW 5 trillion in revenue in 2027.

To achieve this target, the company will focus on core business advancements, global business expansion, new brand growth and new business initiatives.

Coway plans to enter new markets and establish local subsidiaries, implementing tailored marketing strategies in order to enhance global brand recognition. The company will also develop localized products and services to strengthen its competitiveness within the global market.

Coway will also expand its product lineups and enhance its customer experience marketing through its sleep and wellness brand, BEREX. The company aims to increase its offline channel offering in order to strengthen customer experience in South Korea, as well as to enhance overall BEREX brand awareness through targeted marketing campaigns.

Furthermore, Coway is set to enter the silver care (elderly care) sector in South Korea in order to explore various new business opportunities for sustainable growth. Through its new subsidiary Coway Life Solutions, established in October of 2024, the company will introduce next-generation elder care services within the first half of 2025. Coway will also be actively pursuing strategic partnerships and technological collaborations to further expand new business opportunities.

Coway will continue to enhance its core offerings by developing innovative products and expanding its investments in R&D, IT, marketing, and consumer services. The company will also drive advancements in the digital space in order to strengthen its channel competitiveness and operational efficiency. 

Improving Shareholder Returns: Increasing the Total Shareholder Return Rate to 40%

Coway is committed to balancing sustainable shareholder returns, corporate growth, and financial stability by maintaining a well-balanced allocation between shareholder returns and reinvestments in future growth.

The company will significantly increase its total shareholder return rate from the previous 20% of consolidated net income to 40%. This includes cash dividends and treasury stock purchase/retirement. Specifically, in FY2024, Coway will allocate 33% to cash dividends and 7% to treasury stock purchase/retirement, based on the 40% total shareholder return ratio. From FY2025 to FY2027, the company will maintain the 40% shareholder return rate while adjusting the proportion of cash dividends and treasury stock purchase/retirement in consideration of total shareholder return.

A Coway official stated, “The 40% shareholder return rate was derived by forecasting actual expected cash inflows and outflows from this year through 2027. Based on these projections, we identified an optimal balance between operating cash flow and financial leverage while also considering various factors, such as the balance between shareholder returns and investments for future growth.”

Optimized Capital Structure: Maintaining an Appropriate Net Debt-to-EBIT Ratio

Coway has also established new financial guidelines designed to ensure the company’s financial stability. 

Coway plans to utilize an appropriate level of financial leverage, taking into account its repayment capabilities based on operating performance and accelerating the timing of shareholder returns on investment outcomes. Accordingly, the company plans to manage its net debt-to-EBIT ratio up to 2.5 to ensure financial stability while keeping financial burdens at a manageable level.

Enhanced Governance: Strengthening Board Independence and Diversity

Coway is committed to advancing its corporate governance practices. The company will seek to raise its key governance indicator from 53% in 2024 to 87% by 2026, significantly exceeding the 2023 market average of 49.5%. Key governance indicators, particularly those related to shareholder interests, will be prioritized for improvement.

Coway is committed to further enhancing the independence of its board of directors (BoD) while promoting greater diversity. Since 2023, the company has implemented board independence guidelines to strengthen transparency and accountability. Going forward, Coway plans to increase both the number and proportion of outside directors and appoint highly qualified individuals with diverse expertise to advance corporate governance standards.

“Coway’s Corporate Value-Up Plan provides a robust foundation for sustainable growth, benefiting both the company and its shareholders,” said Jangwon Seo, CEO of Coway. “We are committed to reinforcing shareholder-friendly management while simultaneously implementing a range of strategies aimed at enhancing corporate value and securing sustainable growth.”

For additional details about Coway’s Corporate Value-Up Plan, please visit the company’s Investor Relations page.

About Coway Co., Ltd.

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company’s most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.