R&D Focused Management
Coway has established its first R&D center in 1993 before starting its factory production in 1994. In December 2006, Coway made a partnership with Seoul National University in Korea, to further develop technology products utilizing both industrials and academy knowledge.
Research and development innovation at Coway is focused primarily on delivering improved consumer convenience rather than improved profits for the company.
In other words, our R&D is founded on Consumer-centric system that exhaustively identifies and discovers consumer needs in product development.
Our R&D center, which is equipped with 182 cutting-edge devices such as high-tech research facilities. It was able to extend its research capabities when it was designated by TUB SUD to run self-analysis and tests for ROHS of electrical and electronic products. It was also certified from WQA (Water Quality Association, USA) as Recognized Testing Laboratory and is running efficiency and safety test. We will provide best-in-class products and services to customers and expand the world market by making continuous investments.
R&D Investment & Innovation
We believe that “R&D-focused management” is the best way to remain faithful to our corporate Philosophy-
”We strive to become a company that creates best technologies for customers.”
Indeed, our R&D capability is the key driving force behind our growth and a unique value that is not likely emulated by others.
R&D Expenses(Unit : KRW in millions)
|Ratio of R&D Expenses to Total Sales||1.45%||1.62%||1.27%|
|Total R&D Expenses||22,038||27,746||22,936|