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Stakeholders
Coway promotes stakeholder engagement and communication regarding material issues to enhance transparency and efficiency in management and build trustworthy relationships.
Stakeholder Engagement and Material Topics

We identify entities that influence our business activities internally and externally as stakeholders and categorize them into seven groups, including: customers; shareholders and investors; employees; partners and suppliers; local communities; academia and media; and the government. In order to collect stakeholders’ opinions, we operate a communication channel for each stakeholder group. We encourage stakeholders' engagement and communication regarding material issues as part of efforts to improve transparency and efficiency of our business activities and build reliable relationships. Each communication channel is managed by the relevant department.

Stakeholder

Communication channel

Frequency

Major interests

Customers

Company website

Frequently

Product safety and quality control

Product and service experience

Customer complaint handling

Media and news

Frequently

VOC/Call center

Frequently

Shareholders and Investors

Regular general shareholders’ meeting

Once a year

Build corporate value

Increase shareholder value

Sound governance

Business opportunity and risk management

IR meeting

Frequently

Conference calls with investors/analysts

Frequently

IR webzine

Once a month

Employees

Labor-management council

4 times a year (or more)

Fair performance evaluation and compensation

Development of competencies

Work-life balance

Diversity-based corporate culture

In-house online consultation channel

Frequently

Partners and suppliers

Supplier meeting

Once a year (or more)

Win-win cooperation with suppliers

Support suppliers' efforts to strengthen sustainability

Create a healthy working environment

Electronic purchase system, SCM website

Frequently

Partner meeting

Frequently

Local communities

Local committees

4 times a year

Participate in social contribution and community activities

Job creation in the region

Sustainable regional development

NGO meeting

Frequently

Social contribution business and projects

Frequently

Academia and media

Corporate governance report

Once a year

Transparent information disclosure

ESG data and performance communication

Regular disclosures such as business reports

5 times a year (or more)

Participation in global ESG evaluation

6 times a year (or more)

Participation in sustainability initiatives

4 times a year (or more)

Government

Disclosures to the Financial Supervisory Service and Fair Trade Commission

Frequently

Distribution of economic value such as payment of taxes

Compliance and ethical management

Legal/Regulatory compliance

Frequently

Public-private partnership business projects

Frequently