Posted : 2020-12-31 15:04
Updated : 2021-02-18 19:22
Outgoing Celltrion Chairman Seo Jung-jin speaks during a biotechnology industry conference in Incheon, Nov. 18. Hankook Ilbo photo by Wang Tae-seog
Biotech developing cocktail treatment for variants
By Nam Hyun-woo
After Celltrion Chairman Seo Jung-jin stepped down from his post at the biopharmaceutical giant, attention is being paid to the future shape of the company s leadership.
According to Celltrion, Seo has not worked as chairman since Dec. 31, following an earlier promise that he would wrap up his stint at the company by the end of 2020. During a local investment forum in October, the Celltrion founder said he would start a venture company on ubiquitous healthcare, an emerging area of medical technology.
Posted : 2020-12-31 15:04
Updated : 2021-02-18 19:22
Outgoing Celltrion Chairman Seo Jung-jin speaks during a biotechnology industry conference in Incheon, Nov. 18. Hankook Ilbo photo by Wang Tae-seog
Biotech developing cocktail treatment for variants
By Nam Hyun-woo
After Celltrion Chairman Seo Jung-jin stepped down from his post at the biopharmaceutical giant, attention is being paid to the future shape of the company s leadership.
According to Celltrion, Seo has not worked as chairman since Dec. 31, following an earlier promise that he would wrap up his stint at the company by the end of 2020. During a local investment forum in October, the Celltrion founder said he would start a venture company on ubiquitous healthcare, an emerging area of medical technology.
Once a billionaire factory, Korea s beauty industry turns ugly
Yoojung Lee
Share
Three years ago, Suh Kyung-Bae was the second richest person in South Korea. Today he s barely Top 10, a stark reversal in a K-beauty boom known for minting billionaires, not breaking them.
Suh s $US3.6 billion ($4.7 billion) fortune – down from roughly $US8 billion in 2017 – is largely comprised of shares in his family s cosmetics conglomerate, Amorepacific Group, which have fallen more than 40 per cent from a mid-January high. The parent of brands like Innisfree, Laniege and Sulwhasoo, Amorepacific was struggling even before COVID-19, and the pandemic has ushered in a slew of lifestyle changes that have made cosmetics less central to women s daily routines.
Dec 28, 2020
Three years ago, Suh Kyung-bae was the second-richest person in South Korea. Today he’s barely in the Top 10, in a stark reversal of a K-beauty boom known for minting billionaires, not breaking them.
Suh’s $3.6 billion fortune down from roughly $8 billion in 2017 is largely comprised of shares in his family’s cosmetics conglomerate, Amorepacific Group, which have fallen more than 40% from a mid-January high.
The parent of brands like Innisfree, Laniege and Sulwhasoo, Amorepacific was struggling even before COVID-19, and the pandemic has ushered in a slew of lifestyle changes that have made cosmetics less central to women’s daily routines.