Suh Kyung-Bae, Chairman of South Korea’s largest cosmetics company AmorePacific, is named Forbes Asia’s Businessman of the Year in 2015. Chairman Suh is featured on the cover of the latest issue (December) of Forbes Asia.
Despite sluggish growth in the global beauty and personal care industry, AmorePacific has seen its sales rise sharply. Last year, AmorePacific grossed approximately 4.5 billion dollars in sales on the back of its advanced technologies, group-wide endeavors to reinforce global competitiveness and continued R&D investment.
In August, the South Korean cosmetics giant debuted at No. 28 on Forbes’ annual list of the World’s Most Innovative Companies.