Amorepacific Corporation

Amorepacific Corporation (Korean: 주식회사 아모레퍼시픽) is a South Korean beauty and cosmetics chaebol, operating more than 30 beauty, personal care, and health brands including Sulwhasoo, Laneige, Etude, Aestra, Cosrx, AP Beauty, and Innisfree.^[2] The firm was founded in 1945 by Sungwhan Suh and currently managed by Kyungbae Suh, the son of the founder. It is the largest cosmetics company in South Korea and one of the 10 largest cosmetics companies in the world.^[3][4]

Amorepacific Corporation

Native name	주식회사 아모레퍼시픽
Traded as	KRX: 090430
Industry	Cosmetics Perfume
Founded	5 September 1945; 79 years ago (1945-09-05) as Pacific Chemical Co. Ltd.
Founder	Suh Sung-whan
Headquarters	Yongsan-gu, Seoul, South Korea
Key people	Suh Kyung-bae (Chairperson)
Revenue	KRW 4.78 trillion (2021)[1]
Operating income	KRW 379 billion (2021)[1]
Net income	KRW 267 billion (2021)[1]
Total assets	KRW 5.88 trillion (2021)[1]
Website	www.apgroup.com

History

The company originated back in the 1930s, when Madame Dokjeong Yun began selling camellia oil in the village of Kaesong. Her second son, Sungwhan Suh, took over the business in 1945 and transformed the firm into a cosmetics chaebol, naming it "Taepyeongyang (meaning Pacific Ocean in Korean)".^[3]

Sungwhan Suh handed the company over to his second son Kyungbae Suh in 1997.^[3] Suh rebranded the firm into multi brands company 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.^[5]

Brands

• Aestura^[6]
• AP Beauty
• Amos Professional
• Aritaum^[7]
• COSRX
• Espoir
• Etude House
• Goutal Paris
• Hanyul
• Happy Bath
• HERA
• ILLIYOON
• Innisfree
• IOPE
• Laneige
• LIRIKOS
• makeOn
• Mamonde
• Median
• Gentist
• Mise-en-Scène
• Labo H
• Ayunche
• Odyssey
• Osulloc
• Primera
• Ryo
• Sulwhasoo
• Vital Beautie
• B.Ready
• Holitual

See also

• Pacific Park Villart
• K-Beauty

References

1. "Amorepacific Corporation and Subsidiaries - Consolidated Financial Statements December 31, 2020 and 2019" (PDF). Archived (PDF) from the original on September 24, 2021.
2. Ming, Christine Tan,Cheang (May 26, 2017). "South Korean beauty brand Amorepacific looks to global expansion". CNBC. Archived from the original on December 26, 2019. Retrieved April 30, 2020.{{cite web}}: CS1 maint: multiple names: authors list (link)
3. Chung, Grace. "How South Korea's AmorePacific Became One Of The World's Most Innovative Companies". Forbes. Archived from the original on December 22, 2021. Retrieved November 20, 2016.
4. "Brands | Amorepacific". www.apgroup.com. Archived from the original on June 14, 2021. Retrieved June 12, 2021.
5. "Amorepacific Headquarters, Seoul, KR", David Chipperfield Architects, DETAIL, pp. 26–41, December 31, 2019, doi:10.11129/9783955534677-004, ISBN 9783955534677, S2CID 242351683, archived from the original on April 18, 2023, retrieved July 4, 2022
6. "Brands | Amorepacific". www.amorepacific.com. Archived from the original on November 19, 2016. Retrieved November 20, 2016.
7. "A New 70-Store Korean Beauty Chain Is Here". Racked. April 25, 2016. Archived from the original on May 21, 2018. Retrieved May 20, 2018.

External links

• Official website
• Business data for Amorepacific:
  • Google
  • Reuters
  • Yahoo!
• Business data for Amorepacific Group:
  • Google
  • Reuters
  • Yahoo!

• Companies portal
• South Korea portal