Woongjin Group buys back Coway for rental business expansion
Woongjin Group, a midsized South Korean conglomerate, will take back the country’s biggest small home appliance maker, Coway, after selling it off in 2013, the group announced Monday. In its regulat...d “Woongjin Rental” and began preparing for the buyback of Coway, despite skeptical views about Woongjin’s financial capabilities in the market. “At the time, we didn’t want to lose Coway, but had to...