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'Father of BTS' becomes 6th richest man in Korea

HYBE Chairman Bang Si-hyuk has emerged as the sixth wealthiest among Korea s major conglomerate leaders based on total stock holdings. Bang s equity holdings surpass those of SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo. ....

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AmorePacific revamps governance ahead of FTC's regulation

AmorePacific revamps governance ahead of FTC's regulation
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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Powered by sales in China, LG H&H beats AmorePacific in cosmetics sector

Powered by sales in China, LG H&H beats AmorePacific in cosmetics sector
Posted : 2021-02-04 16:23
Updated : 2021-02-04 16:47
From left, AmorePacific Group Chairman Suh Kyung-bae and LG Household & Health Care CEO Cha Suk-yong / Korea times file
By Kim Jae-heun
For a long time, AmorePacific Group has kept its No.1 position in the local cosmetics industry. However, it ceded the top spot to LG Household and Health Care (LG H&H) after failing to diversify its business portfolio and respond to the new trend of retail digitization.
According to AmorePacific Group s regulatory filing on Wednesday, its sales last year stood at 7.93 trillion won, down 21.5 percent year-on-year. Its operating profit nosedived by 69.8 percent to 143 billion won. ....

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