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235<br />

Figure 60.: Loofen company’s activated carb<strong>on</strong> filter<br />

(Loofen., 2010)<br />

13.3. Coway <strong>household</strong> <strong>waste</strong> dryers<br />

Coway cooperati<strong>on</strong> was established in 1989 in Korea. The company has been<br />

creating products such as: air purifiers, water filtrati<strong>on</strong> devices, digital bidets,<br />

megas<strong>on</strong>ic cleaning devices <str<strong>on</strong>g>and</str<strong>on</strong>g> other home appliances since then. As some of<br />

Coway‘s products had a quite high initial cost to c<strong>on</strong>sumers when they first hit the<br />

market, Coway adopted a rental business model in 1998 to make them more<br />

accessible to the public. As the cost to c<strong>on</strong>sumers decreased over time, people<br />

began adopting the products more <str<strong>on</strong>g>and</str<strong>on</strong>g> more. In 2003, Coway enlarged its<br />

business to go global with the first overseas business starting in Japan. Coway<br />

then exp<str<strong>on</strong>g>and</str<strong>on</strong>g>ed to Thail<str<strong>on</strong>g>and</str<strong>on</strong>g>, China, <str<strong>on</strong>g>and</str<strong>on</strong>g> Malaysia. On May 2010, Coway also<br />

opened its first U.S. subsidiary in Los Angeles, signaling its commitment to the<br />

U.S. market.<br />

As for the European market, Coway has set up a number of logistics bases <str<strong>on</strong>g>and</str<strong>on</strong>g> is<br />

planning to establish subsidiaries shortly. In the global market, Coway makes<br />

localizati<strong>on</strong> its top priority.<br />

The company has created a small series of <strong>household</strong> <strong>waste</strong> drying models with<br />

different capabilities but they all have the same philosophy just like the Loofen<br />

models. In the following picture, the high capacity model (WM05-A) of the<br />

company is shown in the following picture:

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