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. He will substitute Bae Dong-hyun as the group’s president from next year.

The age difference between Kim and Bae has ....