Coway works to realize growth together with society by providing societal support through Coway’s business and competence development activities and demonstrating care for their lives. Representatively “Wi School” is a new Creating Shared Value (CSV) project in an effort to solve the youth unemployment issue, which is an issue of growing concern in Korean society. Through the Wi School program, Coway provides mentoring to participants who are considering and preparing for one-man startups, shares Coway’s know-how gained through operating the Cody (one-man business) network, and arranges lectures of experts in various fields such as business start-ups, marketing, and investment. The program provides effective training to its participants by supporting management consulting for start-ups and providing useful ideas and insight on establishing a business model, marketing strategy, and business presentation. In 2016, 100 young future business owners were selected as participants of the First Wi School, learning the basics of entrepreneurship and gaining confidence for successfully starting a business. By running and improving the Wi School program, Coway will continue to share Coway’s experience and business capacity with the young generation, who are preparing to create one-man start-ups, as a way of contributing to solving the youth unemployment problem.
Many young founder(one-man and small-scale start-ups) face a variety of challenges due to their lack of experience and skills in the process of founding.
I also saw the curriculum of Coway Wi School, which was included as a lecturer by experts who wanted to listen to the usual lectures while struggling.
Especially, in the lecture of Wi School, it is reminiscent of the lecturer who said, "Failure to start a business in its 50s is hard to recover, but if you start a business when you are young, you can keep it or start a new business again.
Also, I got the comfort of "I did not go wrong with the way I chose to start a business" and made a promise to work harder. We hope that you will continue to run the Wi School program so that we can become a company that grows with society in the future.
In addition, I got the comfort of "I did not go wrong with choosing a business" and made a commitment to work harder. I hope that Coway will continue to run the Wi School program so that we can become a company that grows with society in the future.
Program participant. Jeong Woon
Coway built the “Coway-Kachumwa School of Hope” in Malawi, Africa, by using employees’ donation. This project started in April 2016 and was completed in February 2017. Malawi is one of representative impoverished areas in Africa with severe educational disadvantage. The “Coway-Kachumwa School of Hope” is the second of its kind following the Mabuepande Tumaini Women’s Boarding High School completed in 2014. Coway also donated educational equipment such as desk and chair which is necessary for school operation. The company plans to support the school’s quarterly operation committee to help the school be maintained for a long time.