[Exclusive] Amore Pacific's Seo Kyung-bae and eldest daughter Seo Min-jung are in serious conflict over remarriage...Seo Min-jung is essentially removed from succession plan and management roles
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wtcloud83@alphabiz.co.kr | 2023-10-11 03:05:42
[Apha Biz=Reporter Lee Joon-hyun] It was belatedly reported that AmorePacific Chairman Suh Kyung-bae and his eldest daughter Seo Min-jung were in serious conflict over marriage.
To sum up the coverage of the Alpha Economy on the 11th, Chairman Seo Kyung-bae is reportedly furious that his eldest daughter Seo Min-jung, former head of the AmorePacific Luxury Brand Division AP team, will be remarried.
Infuriated Chairman Seo desperately opposed Seo's remarriage, and Seo also reportedly insisted on his remarriage without any opposition from his father, Chairman Seo.
In response, Suh is said to have demanded that if he goes ahead with his second marriage, he leave all of the company's posts and leave the house, as well as the post of AmorePacific's successor.
In response to his father's opposition to marriage and demands, Seo stepped down from the management front in the form of submitting a leave of absence to the company.
In June, he donated his 9.5% stake in Innisfree to the Seo Kyung-bae Science Foundation, becoming the third-largest shareholder, and he quit his successor's position.
Deleo is well known as a promising venture company, with Kolon Honorary Chairman Lee Woong-yeol listed as the second-largest shareholder and jointly carrying out a delivery platform business with Kakao.
In relation to this, Amore Pacific responded, “This is an issue that cannot be confirmed.”
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