Coway logs 15% revenue growth in 2025 on strong domestic, overseas demand

Coway's Heative warm air purifiers / Courtesy of Coway

Coway posted double-digit revenue growth in 2025, supported by strong domestic demand and continued expansion in overseas markets, the company said Friday.

Netmarble and Coway Chairman Bang Jun-hyuk

The home appliance maker reported consolidated revenue of 4.96 trillion won ($3.7 billion) for the year, up 15.2 percent from a year earlier. Operating profit rose 10.5 percent to 878.7 billion won.

Fourth-quarter revenue climbed 13.3 percent year-on-year to 1.28 trillion won, while operating profit edged down 1 percent to 181.6 billion won.

“Despite persistent global economic uncertainties, Coway was able to achieve both growth and profitability by strengthening its core capabilities, expanding its product portfolio and reinforcing its research and development,” CEO Seo Jang-won said.

The company attributed its performance to a mid- to long-term strategy focused on product innovation, entry into new business areas and expansion of its global footprint, a direction set out by Netmarble and Coway Chairman Bang Jun-hyuk.

Coway’s domestic business generated revenue of 2.87 trillion won in 2025, an 11 percent increase from the previous year. Sales were driven mainly by ice water purifiers, as well as the company’s BEREX lineup of beds and massage chairs. New rental contracts rose 7.7 percent to 1.85 million units by the end of the year.

BEREX, launched in December 2022, recorded consolidated revenue of 719.9 billion won in 2025, establishing itself as a key growth engine. The domestic bed business accounted for 365.4 billion won of that total, up 15.4 percent year on year.

Overseas subsidiaries contributed 1.89 trillion won in annual revenue, marking a 22.3 percent increase from 2024. Coway’s Malaysian unit remained its largest overseas market, posting revenue of 1.41 trillion won, up 21.7 percent. The U.S. subsidiary reported revenue of 236.7 billion won, a 10.5 percent increase.

The company also saw strong growth in Southeast Asia, with revenue rising 38.8 percent in Thailand to 174.4 billion won and surging 67.5 percent in Indonesia to 50.6 billion won.