Woongjin Group’s Complicated History with Water Purifier Coway

Posted on 08/04/2019


Woongjin Corporation is the holding company of Woongjin Group. Woongjin Group Chairman Yoon Seok-geum founded Coway, the air and water purifier business unit in 1989. In January 2013, Woongjin Group experienced liquidity issues and sold Coway to private equity firm MBK Partners for a 30.9% stake for 873 billion KRW. In addition, Woongjin Group agreed […]