2016_Top-200_Suh
Beauty may be Suh Kyung-Bae’s business, but it is also his passion. And not just “beauty” in a cosmetic sense. Although his company is one of the leading cosmetics companies in South Korea, in Suh’s own words, “AmorePacific is a company that spreads culture rather than just sells cosmetics.” The company has its own art museum, established in 1979, that is dedicated to the research and exhibition of Korean art. According to Suh, however, promoting Korean artwork in Korea is not enough. The company aims at “improving the status of Korean women’s culture and promoting the excellence of Korean culture across the world.” And it is doing just that. In 2005, the company opened an exhibition in Japan titled “The Grace and Beauty of Korean Women,” and in 2008 it donated $300,000 for the opening of a “Women’s Quarter” in the Korean Gallery of the Los Angeles County Museum of Art. Most recently, Suh pledged $200,000 a year for five years to LACMA for the purchase of contemporary Korean art, as he continues to fulfill his goal of being a “cultural missionary” for Korea to the wider world.

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Suh Kyung-Bae

Location:
Seoul

Source of wealth:
Cosmetics (AmorePacific)

Collecting area:
Contemporary Korean and international art; Traditional Korean art

Top 200 appearance:
,

Fun fact:

Suh’s dedication to the promotion of Korean women’s culture may spring from the fact that AmorePacific was actually started by his grandmother, who, in the 1930s, would spend hours in her kitchen processing the seeds of the Camellia plant by hand to produce the oil that fashionable Korean women used to dress their hair. There is a replica of her kitchen in the company’s museum.