AmorePacific Group announced that it had named Baek Chung-ki, the group's adviser, as vice chairman and CEO. Baek will replace Sohn Young-chul, who resigned after serving for just 11-months and will now take up the auditor's position. Baek will not officially be appointed as CEO until the shareholders' meeting in March next year, but will serve as a management consultant in the meantime, according to the company.

Baek previously served as the executive vice president of AmorePacific's human resources and general affairs department and worked with BGF Retail from 2008 to 2012 before returning to the company early 2013.