Coway, the driving force behind 10 million accounts is ‘global’…3,596 of them are overseas
image text translation
10 million Rendal accounts, 3.45 million mid-overseas corporations. The rapid increase of 223.896 (2.26 million) over 5 years also increased by 1896 points.
Coway Domestic and Overseas Rendal Customers
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Total account count trend
Domestic
10 million
OOVma”
9 million
7 million
500,000
50,000
3496
Runtal sales
2896
3296
1946
start
1933
ZOO
2U
Dig
Source: Cowemi
30,000
m2
4074
Coway performance trend
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2022
2023
2024
2025
2026
take
3 trillion 8561 station
3 trillion 9665 station
4 trillion 2878 station
4 trillion 6851 station
5 Article 1708 Station
operating profit
677.4 billion
731.3 billion
807 billion
864.2 billion
965.4 billion
Data Electronic Gongsae Securities (estimated from 2024)
Coway is expected to easily enter the 4 trillion won loan club this year.
According to securities firms’ census records on the 24th, Coway recorded sales of 4.2 trillion won this year.
This year’s operating profit is expected to be around 800 billion won.
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1. Netmarble Group’s cash cow is Coway, not games.
2. Coway has developed into a comprehensive home appliance company with annual operating profit approaching 1 trillion won.
3. Coway is not a domestic sales company.
As it became a huge hit in Southeast Asia and the United States, 35% of rental accounts are overseas.