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Suh Kyung-bae

Suh Kyung-bae

S. Kyung-bae
0.01% | + $0.14M
$1.41 B ₹ 13,179 Cr
Real Time Net Worth #2683 Ranking as of 21 Mar 2026 By Forbes

More on Suh Kyung-bae

Gender

Male

Age

63Y

Country

South Korea

Born On

January, 1963

Deceased

No

Relationship Status

Married

Children

2

Education

Yonsei University - BA

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Expanded Family Business)

Primary Organization

Amorepacific Group

Titles

Chairman & CEO

Sources of Wealth

Amorepacific

Industry

Cosmetics, Fashion, Retail, Consumer Goods

About Suh Kyung-bae


S uh Kyung-bae is a South Korean business magnate and the chairman and CEO of Amorepacific Group, the country's largest and most successful cosmetics company. He represents the second generation of the family business, which was founded by his late father, Suh Sung-whan. His father was a pioneer, creating one of South Korea's first major cosmetics brands. After taking over the leadership of the company from his father in the 1990s, Suh Kyung-bae was the architect of its transformation into a global beauty powerhouse.

Under his leadership, Amorepacific became a leader in innovation, particularly with the development of the 'cushion' foundation compact, which became a global beauty trend. He was also the driving force behind the global spread of 'K-beauty', successfully exporting Amorepacific's popular brands, such as Sulwhasoo, Laneige, and Innisfree, to markets across Asia and into the United States. The company's massive success in China, in particular, fueled a period of explosive growth that made him one of the wealthiest people in South Korea. His daughter, Suh Min-jeong, has also joined the company.

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Quick Reads


  • Chairman and CEO of Amorepacific, South Korea's largest cosmetics company.
  • Inherited the company from his father, who was a pioneer in the industry.
  • A major figure in the global popularization of "K-beauty."
  • His company's brands include Sulwhasoo, Laneige, and Innisfree.
  • He is credited with helping to invent the popular "cushion" foundation makeup.

Early Life and Background


Suh Kyung-bae is a South Korean businessman, the self-made billionaire Executive Chairman of Amorepacific Corporation (KRX: 090430), one of South Korea's largest cosmetics and beauty companies (brands include Sulwhasoo, Laneige, and Innisfree). His wealth is generational, tied to the industrial empire founded by his late father, Suh Sung-whan, in 1945.

Suh holds a B.A. from Yonsei University and an MBA from Cornell University. His philosophical approach centers on generational stewardship, product innovation, and long-term brand preservation (driving the group's focus on luxury Korean beauty - K-Beauty). He successfully transformed the company into a global K-Beauty powerhouse.

  • Amorepacific Corporation (Chairman & Executive): The core publicly traded asset, a major global manufacturer of cosmetics, skincare, and fragrance (dominating the K-Beauty market).
  • Industrial Focus: His success is built on scale manufacturing and R&D in essential cosmetic technology (a key structural contribution to the global beauty industry).
  • Academic Background: He holds an MBA from Cornell University and a B.A. from Yonsei University.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial R&D and brand IP and leveraging the massive global growth of the K-Beauty trend.

Career Journey of Suh Kyung-bae


Suh Kyung-bae's strategic leadership guided Amorepacific's transformation into a global market leader. He assumed the Chairman role and successfully guided the company's commitment to innovation (developing brands like Sulwhasoo and Laneige) and aggressive international expansion (especially in China and North America). His structural contribution is immense: pioneering the scale manufacturing and professionalization of the K-Beauty sector.

He stepped down as CEO (remaining Executive Chairman) to focus on long-term strategy and governance. His wealth is secured by the colossal, long-term, stable profitability of the global cosmetics, beauty, and consumer goods sectors.

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Suh Kyung-bae's Timeline


1980s (approx.):

Earns an MBA from Cornell University (Academic Achievement).

1987:

Suh Kyung-bae assumes an executive role in the family business (Executive Ascent).

2000s:

Amorepacific launches iconic K-Beauty brands (Sulwhasoo, Laneige) (Brand Apex).

2021 (approx.):

Steps down as CEO, remaining Executive Chairman (Executive Transition).

Ongoing:

Continues as Chairman, guiding the global beauty giant (Executive Oversight).

Major Business Ventures and Investments


Suh Kyung-bae's wealth is concentrated in his family's controlling stake and executive leadership of the publicly traded consumer goods giant, Amorepacific Corporation (KRX: 090430), and his private investments.

  • Amorepacific Corporation (Chairman & Executive): The core publicly traded asset, a major global manufacturer of cosmetics, skincare, and fragrance (dominating the K-Beauty market).
  • Industrial Focus: His success is built on scale manufacturing and R&D in essential cosmetic technology.
  • Academic Background: He holds an MBA from Cornell University and a B.A. from Yonsei University.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial R&D and brand IP and leveraging the massive global growth of the K-Beauty trend.

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Philanthropy and Social Impact


Suh Kyung-bae's social impact stems from Amorepacific's role as a massive global employer and provider of essential beauty products, significantly influencing global beauty standards. The Amorepacific Foundation supports various initiatives in women's health, environmental sustainability, and cultural preservation in Korea and globally.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Suh Kyung-bae maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global industrial sector.

Residing in Seoul, South Korea, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and industrial scale.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman of Amorepacific Corporation (global cosmetics giant).
  • He holds an MBA from Cornell University.
  • Amorepacific is a major force in the K-Beauty (Korean beauty) trend globally.
  • His fortune is tied to the successful generational management and stability of the global beauty sector.
  • He founded the Amorepacific Museum of Art.
  • His philosophy emphasizes long-term R&D and brand innovation.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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