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Amorepacific Group returns to profit on boosted overseas sales

Amorepacific Group is back in the black for the second quarter as it offset a sluggish domestic market with growth in overseas operations.

2023.7.26

K-campus student reporters pose for a photo during a tour of the Amorepacific headquarters in Yongsan District, central Seoul, in late June. [PARK SANG-MOON]

Amorepacific puts a modern twist on Korean culture in central Seoul

The Amorepacific Headquarters in Yongsan District, central Seoul, is a glass cube-like structure with an empty chamber in the middle that is sure to catch the eye of passersby. Entering the building, you are greeted by busy employees bustling...

2023.7.26

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An Amorepacific store at Bloomingdale's in the United States [AMOREPACIFIC]

Korean cosmetics companies shift focus to U.S., Japan

Korean cosmetic brands, which have been heavily reliant on the Chinese market, are shifting their focus to the United States and Japan to strengthen their global presence.

2022.6.19

Amorepacific Group office in Yongsan, central Seoul. [AMOREPACIFIC]

Amorepacific bounces back from Covid in a big way

Amorepacific Group’s second quarter net rose more than 2,000 percent on year to 142.8 billion won ($127.5 million), far surpassing market estimates.

2021.7.28

Amorepacific Group's net jumps more than 80%

Amorepacific Group's net profit jumped by more than 80 percent in the first quarter on improved sales of brands like Sulwhasoo, Hera, Innisfree and Etude.

2021.4.28

Amorepacific Group’s 2020 annual net profit plummets 90 percent

Amorepacific Group’s annual net profit nosedived more than 90 percent last year compared to the previous year, as offline sales suffered from social distancing and travel restrictions due to Covid-19.

2021.2.3

Amorepacific Group’s new CEO Kim Seung-hwan. [AMOREPACIFIC GROUP]

Amorepacific Group appoints new CEO amid poor results

Amorepacific Group appointed Kim Seung-hwan as the new CEO and Vice President of the cosmetics company on Thursday.

2020.11.12

Amorepacific's net drops 93.7 percent in the third quarter

Amorepacific Group's net profit plummeted 93.7 percent on year to 7 billion won ($6.2 million) in the third quarter

2020.10.28

Amorepacific Group’s headquarters in Yongsan District, central Seoul. [AMOREPACIFIC GROUP]

Amorepacific reports ugly second quarter with 93% profit plunge

Amorepacific Group’s profit plummeted in the second quarter as sales at offline stores, including duty-free shops, suffered as a result of the pandemic.

2020.7.31

An image of Sulwhasoo’s Concentrated Ginseng Renewing Cream. [AMOREPACIFIC]

Amorepacific brings Sulwhasoo to the Indian market

Sulwhasoo, a premium Amorepacific beauty brand, was introduced to India Monday. The first sales are via Nykaa, an online shopping mall, while distribution at Nykaa Luxe offline stores is scheduled for the second half.

2020.7.13