Coway, Enters Next-Generation Silver Life Solution Business

Establishment of Coway Life Solution
Providing Life Care Services for Health and Leisure of the Silver Generation

Coway is entering the next-generation silver life solution business. On the 22nd, Coway announced the establishment of 'Coway Life Solution,' a premium life solution specialized company. The newly established corporation is a wholly-owned subsidiary of Coway. The initial capital is approximately 10 billion KRW.

Coway Life Solution plans to sequentially introduce products and services that care for the entire life cycle of the silver generation, beyond existing funeral services, in response to the ultra-aging society and the increase in single-person households.

The service will focus on premium silver towns and silver care businesses, filled with various life solution products that manage the health and leisure of the silver generation, including culture, travel, accommodation, marriage, pets, nursing, and funerals.

A Coway representative stated, “We are promoting a comprehensive next-generation silver life solution business in areas where expert assistance is needed throughout the life cycle of the silver generation. We plan to start services as early as the first half of next year and sequentially introduce competitive products.”