Amorepacific Chairman Seo Kyung-bae’s Compensation Drops to 3.8 Billion Won

THE WHAT? Seo Kyung-bae, Chairman of AMOREPACIFIC Group, received a total of 3.8606 billion won in compensation last year, marking a decrease of approximately 2.5% compared to the previous year. This figure accounts for salary and bonuses from both Amorepacific Corporation and the holding company AMOREPACIFIC Group.

THE DETAILS 

• Business reports reveal that Seo earned 2.856 billion won from Amorepacific and 950 million won from AMOREPACIFIC Group.
• AMOREPACIFIC Group’s contribution consisted of 825 million won in salary and 125 million won in bonuses.
• Amorepacific paid out 2.539 billion won in salary, 259 million won in bonuses, and 58 million won in other earned income.
• Additionally, Seo received shares from both entities—144 shares from Amorepacific and 3,412 shares from AMOREPACIFIC Group—that were not included in the total compensation.
• The salary structure and bonuses were determined by executive regulations approved by the board of directors, including organizational performance and special performance components.

THE WHY? While the cosmetics and personal care market remains competitive, executive compensation at AMOREPACIFIC has slightly dipped, reflecting tighter cost management amid evolving consumer demands. Investors and industry observers are closely watching these figures as the group navigates changing market conditions and consumer expectations.

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