KOTA KINABALU, Malaysia, Feb. 6, 2026 /PRNewswire/ -- The 3rd International Business Events Forum – BE in SABAH 2026 concluded today, marking the end of two days of structured engagement that brought together policymakers, industry leaders and practitioners to examine how Business Events can support regional cooperation, industry capability and economic connectivity across Asia Pacific.
Hosted at the Sabah International Convention Centre, the forum recorded strong participation from both domestic and international stakeholders, underscoring growing interest in regional platforms that emphasise practical dialogue, professional standards and long-term collaboration.
The official closing ceremony was officiated by Yang Berhormat Dr Andi MD Shamzureezal, Assistant Minister of Tourism, Culture and Environment Sabah, representing Yang Berhormat Datuk Jafry Bin Ariffin, Minister of Tourism, Culture and Environment Sabah and Patron of BE in SABAH 2026.
In his closing remarks, Dr Andi noted that the discussions over the past two days highlighted the increasingly strategic role of Business Events in facilitating regional engagement, supporting industry professionalism and connecting markets through structured, outcome-driven platforms. He emphasised that continued collaboration across borders and sectors would be essential in strengthening resilience and competitiveness within the Asia Pacific Business Events ecosystem.
Rather than centring on destination promotion, BE in SABAH 2026 was deliberately structured around issues affecting the industry at a regional and global level. Sessions addressed areas such as market confidence, governance, technology adoption, talent development and cross-border collaboration, reflecting the evolving expectations placed on Business Events as economic and professional infrastructure.
The forum also facilitated knowledge exchange and partnership-building among participants from government agencies, international associations, convention bureaux, consulting firms and private sector organisations, reinforcing its role as a working platform that extends beyond dialogue.
According to the Organising Chairperson, the value of BE in SABAH lies in continuity and relevance.
"Each edition is designed to build on the last," she said. "The outcomes of this forum are measured not only by attendance, but by the quality of engagement, the relationships strengthened and the capability that continues to grow across the regional ecosystem."
A key outcome of BE in SABAH 2026 is the strengthening of international collaboration, marked by the Memorandum of Understanding between the Goyang Convention & Visitors Bureau, Goyang International Expo and the Sabah International Convention Centre during the closing ceremony. The partnership reflects a shared commitment to collaboration beyond events, encompassing knowledge exchange, industry development and capacity-building, and builds on engagements initiated during Goyang Destination Week. Led by Dr Peter Lee, the participation of eight junior management representatives from Goyang at BE in SABAH 2026 further underscores a mutual focus on developing future industry leaders and strengthening professional capability through structured exposure and exchange. The collaboration signals ongoing efforts to deepen ties not only with South Korea, but also with other international destinations as part of a broader strategy to build a more connected, capable and resilient Business Events ecosystem.
As BE in SABAH 2026 concludes, the forum reinforces its place as an annual Asia Pacific platform supporting sustained engagement, professional development and shared industry progress. The next edition will continue to build on this momentum, reflecting lessons learned and emerging priorities within the global Business Events landscape.
ABOUT SICC
Sabah International Convention Centre (SICC) is owned by Innoprise Corporation Sdn Bhd of Yayasan Sabah Group – a state sanctioned organization in Sabah, Malaysia. SICC is the largest waterfront purpose-built convention, exhibition and entertainment facility in East Malaysia with a total function space of 153,197sqm. The gross built-up of the complex is 60,514sqm on a 6-hectare site. The multi-functional complex with its well-designed floor plan and extensive pre-function areas are well suited for a wide range of public and private events. For more information, please visit siccsabah.com or follow us on social media – LinkedIn, Facebook, Instagram and Twitter.
About MACEOS Sabah Chapter
The Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) Sabah Chapter represents the collective voice of Business Events organisers and suppliers in Sabah. It brings together industry practitioners across organising, venue services, logistics and event support to advance professional standards and strengthen collaboration within the Business Events ecosystem.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
BE in SABAH 2026 Closes with Strong Regional Participation and Forward Momentum for Asia Pacific Business Events
|
- In Q4 of 2025, Coway's revenue reached KRW 1,275.4 billion (+13.3% YoY) with an operating profit of KRW 181.6 billion (-1.0% YoY)
- The company's FY2025 annual revenue totaled KRW 4,963.6 billion (+15.2% YoY) with an operating profit of KRW 878.7 billion (+10.5% YoY)
- Behind Coway's record growth in 2025 is the company's sleep and wellness brand BEREX, a new core revenue engine, as well as strong ice water purifier product sales
SEOUL, South Korea, Feb. 6, 2026 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," has today announced its financial results for the fourth quarter and fiscal year 2025.
"In the face of persistent global economic uncertainties, Coway was able to realize both top-line growth and profitability in 2025 by focusing on our fundamentals, strengthening our R&D capabilities and diversifying our product portfolio," stated Jangwon Seo, CEO of Coway. "Going forward, we will continue to maintain this stable momentum through product innovation across both our domestic and global markets."
Coway's reported earnings are as follows:
- Fourth-quarter revenue: KRW 1,275.4 billion (+13.3% YoY)
- Fourth-quarter operating profit: KRW 181.6 billion (-1.0% YoY)
- Annual revenue: KRW 4,963.6 billion (+15.2% YoY)
- Annual operating profit: KRW 878.7 billion (+10.5% YoY)
| *The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. |
The company's strong results across both domestic and global markets in 2025 were driven in no small part by the visionary mid- to long-term strategy previously introduced by Junhyuk Bang, Chairman of Netmarble and Coway, which includes launching innovative products, expanding into new business areas and strengthening the company's global footprint.
Coway's domestic business reported an annual revenue of KRW 2,865.6 billion in 2025, marking an 11.0% year-over-year increase. This performance was bolstered, in particular, by strong sales in the ice water purifier category, as well as from the BEREX lineup of beds and massage chairs. Annual rental gross adds also saw impressive growth, increasing 7.7% year-over-year to a total of 1.85 million by the end of 2025.
BEREX, the company's sleep and wellness brand, first launched as a key strategic initiative of Chairman Bang in December 2022, recorded a consolidated revenue of KRW 719.9 billion, thus firmly establishing itself as a key new revenue model for Coway. The brand's commercial success in 2025 was notably driven by the domestic bed business, which reached KRW 365.4 billion in revenue, up 15.4% compared to the previous year.
Marking a 22.3% year-over-year increase, Coway's overseas subsidiaries contributed KRW 1,889.9 billion in annual revenue in 2025. The company's Malaysian subsidiary maintained its market leadership with a revenue of KRW 1,409.5 billion (+21.7% YoY), while the United States subsidiary saw a 10.5% year-over-year increase in its annual revenue, reaching KRW 236.7 billion. Furthermore, Coway's Thailand and Indonesia subsidiaries also achieved rapid growth, with impressive year-over-year increases of 38.8% and 67.5% and annual revenue totals of KRW 174.4 billion and 50.6 billion, respectively.
For additional details about Coway's financial performance, please visit the company's Investor Relations page.
About Coway Co., Ltd.
Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading home environment appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. BEREX, the company's sleep & wellness brand, aims to improve the quality of life through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the home environment 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, and Europe, based on the business success in Korea. In 2025, the company launched Coway Life Solution, a premium elder care platform offering personalized care solutions tailored to different life stages. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.
- In Q4 of 2025, Coway's revenue reached KRW 1,275.4 billion (+13.3% YoY) with an operating profit of KRW 181.6 billion (-1.0% YoY)
- The company's FY2025 annual revenue totaled KRW 4,963.6 billion (+15.2% YoY) with an operating profit of KRW 878.7 billion (+10.5% YoY)
- Behind Coway's record growth in 2025 is the company's sleep and wellness brand BEREX, a new core revenue engine, as well as strong ice water purifier product sales
SEOUL, South Korea, Feb. 6, 2026 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," has today announced its financial results for the fourth quarter and fiscal year 2025.
"In the face of persistent global economic uncertainties, Coway was able to realize both top-line growth and profitability in 2025 by focusing on our fundamentals, strengthening our R&D capabilities and diversifying our product portfolio," stated Jangwon Seo, CEO of Coway. "Going forward, we will continue to maintain this stable momentum through product innovation across both our domestic and global markets."
Coway's reported earnings are as follows:
- Fourth-quarter revenue: KRW 1,275.4 billion (+13.3% YoY)
- Fourth-quarter operating profit: KRW 181.6 billion (-1.0% YoY)
- Annual revenue: KRW 4,963.6 billion (+15.2% YoY)
- Annual operating profit: KRW 878.7 billion (+10.5% YoY)
*The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.
The company's strong results across both domestic and global markets in 2025 were driven in no small part by the visionary mid- to long-term strategy previously introduced by Junhyuk Bang, Chairman of Netmarble and Coway, which includes launching innovative products, expanding into new business areas and strengthening the company's global footprint.
Coway's domestic business reported an annual revenue of KRW 2,865.6 billion in 2025, marking an 11.0% year-over-year increase. This performance was bolstered, in particular, by strong sales in the ice water purifier category, as well as from the BEREX lineup of beds and massage chairs. Annual rental gross adds also saw impressive growth, increasing 7.7% year-over-year to a total of 1.85 million by the end of 2025.
BEREX, the company's sleep and wellness brand, first launched as a key strategic initiative of Chairman Bang in December 2022, recorded a consolidated revenue of KRW 719.9 billion, thus firmly establishing itself as a key new revenue model for Coway. The brand's commercial success in 2025 was notably driven by the domestic bed business, which reached KRW 365.4 billion in revenue, up 15.4% compared to the previous year.
Marking a 22.3% year-over-year increase, Coway's overseas subsidiaries contributed KRW 1,889.9 billion in annual revenue in 2025. The company's Malaysian subsidiary maintained its market leadership with a revenue of KRW 1,409.5 billion (+21.7% YoY), while the United States subsidiary saw a 10.5% year-over-year increase in its annual revenue, reaching KRW 236.7 billion. Furthermore, Coway's Thailand and Indonesia subsidiaries also achieved rapid growth, with impressive year-over-year increases of 38.8% and 67.5% and annual revenue totals of KRW 174.4 billion and 50.6 billion, respectively.
For additional details about Coway's financial performance, please visit the company's Investor Relations page.
About Coway Co., Ltd.
Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading home environment appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. BEREX, the company's sleep & wellness brand, aims to improve the quality of life through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the home environment 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, and Europe, based on the business success in Korea. In 2025, the company launched Coway Life Solution, a premium elder care platform offering personalized care solutions tailored to different life stages. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Driven by Chairman Junhyuk Bang's Visionary Leadership, Coway Announces Financial Results for Q4 and FY2025
