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Suh rebranded the firm into multi brands company to target the global market and turned the company into a chaebol giant that manages dozens of cosmetics brands. In 2000, the company established the Korea Breast Cancer Foundation. In 2002, the company was renamed AmorePacific. Four years later, the holding company AmorePacific Group was founded.
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Conversely, if you buy stock after the record date but before the ex-dividend date of a large special dividend, you are entitled to the dividend and will receive it via the due bill process. As is the case with all dividends, if you sell your stock prior to the ex-dividend date, within the due bill period, you relinquish your right to the dividend.
By 2014, the company had over 80 stores in South Korea, Japan, Hong Kong, Singapore and India. In the first half of 2014, Amore Pacific planned on boosting the brand's sales in Taipei and opened a second store months after launching in Taiwan, aiming to make Innisfree the country's biggest South Korean skincare and cosmetics brand. [7]
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The South Korean cosmetics company Amore Pacific created Mamonde in 1991. [2] In 2005, Mamonde was launched in China. [2] [3] By July 2013, its products were sold at 900 department stores and over 2,500 cosmetics stores in 270 cities in China. [4] In July 2013, Mamonde opened its flagship store in Myeong-dong [5] and launched in Thailand. [6]
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A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. [ 1 ]