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Amorepacific Group

OVERALL

Owned
KOR
Rating
Criticism, some praise

Holding company

South Korea's second largest beauty and cosmetics business (after LG Household & Health Care), operating more than 30 beauty, personal care, and health brands.

Amorepacific Group Inc   KOR     website         

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Amorepacific Group Inc
Business Ethics 34/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 34/100 in the Personal Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Business Ethics Fined for unfair affiliate support
In 2020 this company was fined about 100 million won (US$80,000) over unfair support to its affiliate. According to the Fair Trade Commission (FTC), Korea's top antitrust regulator, the group's holding company provided 75 billion won worth of fixed bank deposits without a fee to Cosvision to help the affiliate receive a large low-interest loan from the Korea Development Bank (KDB) between 2016 and 2017. Thanks to the loan, Cosvision was able to enhance its cost competitiveness and production capacity and maintain its third-place ranking in the domestic cosmetics original equipment and manufacturing (OEM) market, the regulator said. The FTC found this constitutes an unfair business loan procedure between a conglomerate and its affiliate, and it decided to fine the holding company and Cosvision 48 million won each.
Source: news article (2020)

> About the Icons

Company Details

Founded 1945
Subsidiaries Amorepacific Corporation 

Beauty and cosmetics

Second largest cosmetics company in South Korea and one of the 10 largest cosmetics companies in the world.

Contact Details

Address Republic of Korea
Website www.apgroup.com

Products / Brands

Amorepacific
Innisfree Skin Care
Laneige Skin Care


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