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Coway Announces Expansion of Shareholder Return Policy

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  • Total Shareholder Return Rate* Increase: Doubling from 20% to 40% through 2027 to enhance shareholder value.
  • Dividend Increase and Share Cancellation: For FY2024, cash dividends will more than double compared to the previous year, and 2.56% of all treasury shares will be canceled.
  • Corporate Value-Up Program Participation: Scheduled participation in South Korea’s Corporate Value-Up Program in 2025.

SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solution Company,” has announced the expansion of its shareholder return policy, reinforcing its commitment to enhancing shareholder value and long-term, sustainable financial growth.

Key Highlights of the Expanded Policy

Starting FY2024, Coway will increase its total shareholder return rate from 20% to 40%, a commitment that will extend through FY2027. Of this increased total shareholder return rate, 34% will be allocated for cash dividends, while 6% will be dedicated to treasury share cancellation.

As part of this latest commitment, Coway plans to cancel a total of 1,890,486 shares, representing 2.56% of its treasury shares, by the end of 2025. The enhanced total shareholder return rate is set to remain in place through FY2027.

Furthermore, Coway will participate in South Korea’s Corporate Value-Up Program in 2025 in order to increase corporate value, with more detailed information to be provided through public disclosure set for release within the first quarter of 2025.

Strengthened Financial Foundations

The decision to expand shareholder returns reflects Coway’s strengthened financial stability and business competitiveness, which the company has attained since its acquisition by the Netmarble Group in 2020.

Prior to the acquisition, Coway faced challenges stemming from a shareholder return policy that exceeded its free cash flow. This situation constrained the company’s financial flexibility and limited investment in core operations and growth initiatives, thus weakening the competitiveness of its core businesses.

Since the acquisition, Coway has been implementing a capital allocation strategy aimed at restoring financial stability while fostering growth. In reducing its total shareholder return rate to approximately 20%, the company was able to reinvest in key business areas including research and development, marketing, and customer satisfaction as well as enhancing global market competitiveness and increasing brand awareness for BEREX, all in pursuit of sustainable growth.

These efforts have been successful in driving growth for Coway, resulting in the impressive performance of six consecutive quarters surpassing KRW 1 trillion in revenue, despite the challenges posed by the COVID-19 pandemic and ongoing global economic uncertainties.

Coway’s Commitment to Sustainable Growth

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Starting in FY2024, as the company’s growth foundation stabilizes, Coway has decided to increase its total shareholder return resources from the current 20% of consolidated net income to 40% by FY2027.

“Coway plans to allocate resources toward shareholder returns, strategic investments for sustainable growth, and maintaining financial stability within the range of distributable profits, taking into account internal and external business conditions,” said Jangwon Seo, CEO of Coway. “We will continue to implement shareholder-friendly policies in various ways going forward.”

*Total Shareholder Return Rate is the ratio of consolidated net income distributed to shareholders through cash dividends, share buybacks, and cancellations.

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, the 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 

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Cision View original content:https://www.prnewswire.co.uk/news-releases/coway-announces-expansion-of-shareholder-return-policy-302343992.html

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Fintech PR

HashKey Receives VASP Registration Approval from the Central Bank of Ireland

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HAMILTON, Bermuda, Jan. 8, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia, today announced that HashKey Europe Limited (“HEL”) a member of the HashKey Group has obtained Virtual Asset Service Provider (VASP) registration approval from the Central Bank of Ireland. This is HashKey Group’s first VASP license fully compliant with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), underscoring its commitment to building a global Web3 ecosystem within a highly compliant regulatory framework.

The VASP registration allows HashKey Europe Limited to provide a wide range of regulated services, including:

  • Exchange between virtual assets and fiat currencies
  • Exchange between one or more forms of virtual assets
  • Transfer of virtual assets, that is to say, conduct a transaction on behalf of another person that moves a virtual asset from one virtual asset addressor account to another
  • Custodian wallet services

Ben El-Baz, Managing Director at HashKey Global, said: “Securing VASP registration from the Central Bank of Ireland represents a significant milestone in HashKey’s global exchange business expansion. It underscores our steadfast commitment to compliance, security, and building trust. We are excited to establish a new presence in the EU, bringing us one step closer to aligning with MiCA regulations and advancing our mission to drive responsible innovation in the digital asset space.”

Prior to securing VASP approval in Ireland, HashKey Group had obtained licenses in Hong Kong, Singapore, Japan, and Bermuda, positioning itself as a trusted global leader in the virtual asset industry. HashKey Europe Limited is registered and supervised by the Central Bank of Ireland for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.

HashKey Group remains dedicated to supporting the sustainable growth of the virtual economy by ensuring compliance with international regulations, delivering value-added services, and fostering trust within the ecosystem.

About HashKey Group

HashKey Group is a leading digital asset financial services group in Asia with global operations in regions such as Hong Kong, Singapore, Japan, and Bermuda. Since 2018, HashKey Group has built a global Web3 ecosystem within a high-compliance regulatory framework, including HashKey Exchange, a licensed virtual asset exchange regulated by the Hong Kong SFC; HashKey Global, the global flagship digital asset exchange; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey OTC, the compliant over-the-counter (OTC) trading arm of HashKey Group, HashKey Cloud, a leading provider of global Web3 infrastructure; and HashKey Tokenisation, a tokenisation services provider.

HashKey Group also possesses a rich on-chain ecosystem, having developed the Ethereum Layer 2, HashKey Chain, and has listed the HashKey platform token HSK. HashKey Group is committed to driving the mass application of blockchain technology, aiming to provide trustworthy and accessible digital asset services to one billion global users.

View original content:https://www.prnewswire.co.uk/news-releases/hashkey-receives-vasp-registration-approval-from-the-central-bank-of-ireland-302345555.html

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The World’s Most (and Least) Powerful Passports in 2025

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LONDON, Jan. 8, 2025 /PRNewswire/ — Singapore reclaims its crown as the most powerful passport in the world with visa-free access to 195 out of 227 destinations worldwide, leaving Japan as runner-up with a score of 193, according to the 2025 Henley Passport Index, which ranks all the world’s 199 passports according to the number of destinations they can access without a prior visa, and is based on exclusive official data from the International Air Transport Association (IATA).

Several EU member states — France, Germany, Italy, and Spain — drop two places to 3rd position, and are joined by Finland and South Korea, which each lost a place over the past 12 months and now have access to 192 destinations visa-free. A seven-nation EU cohort, all with visa-free access to 191 destinations — Austria, Denmark, Ireland, Luxembourg, Netherlands, Norway, and Sweden — share 4th place, while five countries — Belgium, New Zealand, Portugal, Switzerland, and the UK — come in 5th with 190 visa-free destinations.

Afghanistan remains firmly entrenched at the bottom of the index, having lost visa-free access to a further two destinations over the past year, creating the largest mobility gap in the index’s 19-year history, with Singaporeans able to travel to 169 more destinations visa-free than Afghan passport holders. Dr. Christian H. Kaelin, Chairman of Henley & Partners, says “the very notion of citizenship and its birthright lottery needs a fundamental rethink as temperatures rise, natural disasters become more frequent and severe, displacing communities and rendering their environments uninhabitable. Simultaneously, political instability and armed conflicts in various regions force countless people to flee their homes in search of safety and refuge.”

The rest of the index’s Top 10 is largely dominated by European countries, except for Australia (6th place with 189 destinations), Canada (7th place with 188 destinations), the US (9th place with 186 destinations), and the UAE, one of the biggest climbers over the past decade, having secured an additional 72 destinations since 2015 to put it in 10th place with visa-free access to 185 destinations worldwide.

US and UK passports amongst the biggest fallers

Only 22 of the world’s 199 passports have fallen down the Henley Passport Index ranking over the past decade. Surprisingly, the US is the second-biggest faller between 2015 and 2025 after Venezuela, plummeting seven places from 2nd to its current 9th position. Vanuatu is the third-biggest faller, followed by the British passport, which was top of the index in 2015 but now sits in 5th place. Completing the Top 5 losers list is Canada, which dropped three ranks over the past decade from 4th to its current 7th place.

In contrast, China is among the biggest climbers, ascending from 94th place in 2015 to 60th in 2025, with its visa-free score increasing by 40 destinations. And in terms of its openness to other nations, China has also leapt up the Henley Openness Index, which ranks all 199 countries worldwide according to the number of nationalities they permit entry to without a prior visa. China granted visa-free access to a further 29 countries over the past year alone, and now sits in 80th position, granting visa-free entry to 58 nations, compared to its rival America, which ranks 84th and allows just 46 other countries access without a visa.

Commenting in the 2025 Henley Global Mobility Report, Annie Pforzheimer, Senior Associate at Washington thinktank the Center for Strategic and International Studies, says “even before the advent of a second Trump presidency, American political trends had become notably inward-looking and isolationist. Ultimately, if tariffs and deportations are the Trump Administration’s default policy tools, not only will the US continue to decline on the mobility index on a comparative basis, but it will probably do so in absolute terms as well. This trend in tandem with China’s greater openness will likely give rise to Asia’s greater soft power dominance worldwide.”

Americans are top applicants for second citizenships

US nationals currently constitute the single largest cohort of applicants for alternative residence and citizenship, accounting for a staggering 21% of all investment migration program applications received by Henley & Partners in 2024.

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Commenting in the report, Prof. Peter J. Spiro, a leading expert on dual citizenship, says “the Trump reprise magnifies another element of value for alternative residence or citizenship rights: political risk insurance. This time around, the stakes are higher. There is a sense that what Trump wants, Trump will be able to get. His political agenda is mercurial, to say the least, and Americans can no longer take stability for granted. Trump can be fickle with outsiders, too. It is almost certain he will resurrect the infamous “travel bans” early in the new administration.”

Read the full press release

 

View original content:https://www.prnewswire.co.uk/news-releases/the-worlds-most-and-least-powerful-passports-in-2025-302341849.html

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What Hebei Can Offer丨Hebei Steel Forging Future

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SHIJIAZHUANG, China, Jan. 8, 2025 /PRNewswire/ — A news report from Great Wall New Media — Steel is the primary pillar industry of Hebei Province. Relying on abundant resource endowments, a complete industrial chain, and modern technological advantages, Hebei’s steel industry has gradually formed an industrial cluster centered around Tangshan, Handan, Shijiazhuang, Chengde, and other key areas.

In recent years, Hebei has been actively promoting the steel industry’s transition towards intelligence, sustainability, and internationalization. Its products are widely exported to 20 countries and regions, becoming a crucial support for infrastructure construction in Belt and Road countries. 

Today, let’s follow Xiao Wan from France to unlock the secrets of steel.

Video – https://mma.prnewswire.com/media/2593292/video.mp4

Cision View original content:https://www.prnewswire.co.uk/news-releases/what-hebei-can-offerhebei-steel-forging-future-302345257.html

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