AMOREPACIFIC APPOINTS NEW PRESIDENT TO TURNAROUND LEAN TROT IN SALES

• South Korean cosmetics titan Amorepacific declared the appointment of Kim Seung-Hwan as its new president on Thursday, in a major post-COVID-19 overhaul following lackluster sales this year.
• Kim, 51, previously has worn many caps including as leader of the human resources unit....

AMOREPACIFIC DISPLAYS SLUGGISH GROWTH IN THIRD QUARTER ON BACK OF UNINSPIRED SALES

• Amorepacific Corp. said Wednesday its third-quarter net income declined 93.1 percent from a year earlier as sales of its cosmetics at brick and mortar stores were hit by the new coronavirus outbreak.
• Net income revenue posted was 7 billion won (US$6.2 million) in the July-Septe...

TBT: GROUND-BREAKING IDEAS BRIDGING STARTUPS AND ENTERPRISING MULTINATIONALS

• The coronavirus pandemic is pressing Korean conglomerates to seek innovation for growth.
• At the same time, a recent modification in the nation’s law, allowing a chaebol (family owned business conglomerate) with a holding company structure to own a venture capital house, i...

AMOREPACIFIC GOES DIGITAL TAPPING US ECOMMERCE GIANT AMAZON

• Amorepacific, a South Korean cosmetics giant, said Wednesday it launched two of its most influential brands, Amorepacific and Mamonde in US Amazon, in a strategic move to expand presence in the US.
• The Amorepacific employees were ecstatic and overwhelmed to present Amorepacific...

KNOW YOUR K BEAUTY BRAND ‘HERA’ – PRODUCT LAUNCH

Highlights –

• K-beauty brand HERA launches new limited lip collection and multi palettes
• HERA is Amorepacific’s luxury beauty brand
• The brand introduces SEOULISTA as its new beauty icon, SEOULISTA is attractive, a woman of unique...

South Korea’s Amorepacific unveils 3D face mask printing system at CES 2020

South Korean cosmetics giant Amorepacific unveiled its latest 3D face mask printing system IOPE Tailored 3D Mask at the popular Consumer Electronics Show 2020. Sources reveal the latest product is a LED beauty device MakeON Flexible LED Patch and its commercialization schedule is aimed for April....