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Amorepacific

#2488

Rank

$5.05B

MarketCap

South Korea

Country

Summary
Amorepacific Corporation manufactures and sells beauty, household, and healthcare products worldwide. The company offers skincare products, cleansers, toners and fluids, moisturizers, eye care products, serums, masks, and special care and travel products. It provides anti-ageing, dryness, tone and texture, sun protection, and makeup products. The company was founded in 1945 and is based in Seoul, South Korea.

History

The company originated back in the 1930s, when Madame Yun Dok-jeong began selling camellia oil in the village of Kaesong. Her second son, Suh Sung-whan, took over the business in 1945 and transformed the firm into a cosmetics chaebol, naming it "taepyeongyang ".Suh Sung-whan handed the company over to his second son Suh Kyung-bae in 1997. Suh rebranded the firm into Amorepacific to target the global market and turned the company into a chaebol giant that manages dozens of cosmetics brands.

In 2000, the company established the Korea Breast Cancer Foundation. In 2002 the company was renamed AmorePacific. Four years later, the holding company AmorePacific Group was founded. In 2010, the company built a second R&D center. Forbes named AmorePacific one of the most innovative companies in the world.


Mission
To be the leading provider of innovative beauty solutions that help people enjoy healthier lives by creating products that harnessing the power of nature.

Vision
We are committed to becoming the world’s best beauty company, leading beauty forward through innovation and quality, by delivering the highest value to all our stakeholders and as always, continuing to care for our customers.

Key Team

Ms. Yang-Sun Chai (Head of Marketing Strategy Unit)

Mr. Yoon Lee (Chief Human Resource Officer)

Mr. Min-Jeon Lee (Head of Premium BU)

Mr. Chan-Hoe Kim (Head of Mass BU)

Mr. Byeoung-Do Kang (Head of SCM Unit)

Mr. Jae-Wan Shim (Head of New Growth BU)

Prof. Jae-Cheon Ryu (Head of Luxury BU)


Recognition and Awards
AmorePacific has been recognized with numerous awards and honors, including Forbes Global 2000 and Korea’s Top 10 Most Admired Companies for 2012. In addition, AmorePacific has received numerous industry awards, such as China’s Most Welcomed Mature Brand in 2013, the Asia-Pacific Business Awards from the International Council of Shopping Centers, and the Newshanker Top Ten Industrial Awards in 2011.

References
Amorepacific
Leadership team

Mr. Kyung-Bae Suh (Chairman and Chief Exec. Officer)

Mr. Sangbae Shim (Chief Exec. Officer, Pres, Chief Production Officer and Exec. Director)

Mr. Hak-Hee Kang (Chief Technology Officer and Exec. Officer of R&D Unit)

Products/ Services
Beauty, Health Care
Number of Employees
1,000 - 20,000
Headquarters
Yongsan, Seoul-t'ukpyolsi, South Korea
Established
1945
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
090430.KS
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