Coway earns 'excellent' rating in co-growth index for second consecutive year

Coway has received an "excellent" rating in the Co-growth Index assessment by the Korea Commission for Corporate Partnership for the second consecutive year.

Coway announced Thursday that it earned the "excellent" rating in the commission's 2026 Co-growth Index evaluation, which was based on 2025 earnings.

The Co-growth Index is a composite indicator measuring the level of mutual cooperation between large corporations and small and medium-sized enterprises, as well as compliance with fair-trade agreements. This year's assessment covered 231 companies, with 44 receiving "outstanding," 69 "excellent," 81 "average," 24 "insufficient" and 13 "very insufficient" ratings.

Coway operates a range of support programs aimed at stabilizing operations and strengthening the competitiveness of its smaller partner companies. The company has opened a dedicated recruitment section for partners on its hiring platform to help them secure talent, and runs a welfare program for partner employees that includes long-service awards and funeral assistance benefits.

Coway also provides specialized consulting in finance and environmental, social and governance matters, tailoring support to the individual management conditions of each partner company.

The company has also put in place systems to promote fair trade and technology protection. Coway has adopted the Korea Fair Trade Commission's standard subcontracting contracts and runs programs supporting partners on technology protection and industrial safety. It holds an annual "Partner Co-growth Day" to share business environment updates and discuss areas of cooperation.

"Since each partner company faces different management conditions and support needs, we are working to identify the difficulties they encounter on the ground and develop a range of tailored measures," said Kim Ki-bae, head of Coway's procurement and supply chain management division. "We will continue to communicate closely with our partners and expand support that makes a real difference at the operational level."