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Etude belongs to Amorepacific Group Inc. through ETUDE Corporation. Etude is owned by Amorepacific Group Inc., headquartered in South Korea. No. The ultimate owner of Etude, Amorepacific Group Inc., is headquartered in South Korea, not in the United States.
Amorepacific is a leading South Korean beauty and cosmetics conglomerate that owns over 30 brands including Sulwhasoo, Laneige, and Innisfree.
Sources: apgroup.com, en.wikipedia.org
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