The cover is shot by Hyea Won Kang. (source)
Click here to view last year cover featuring Carolyn Murphy, here to view last year cover featuring Sasha Pivovarova, here to view 2014 cover featuring Karlie Kloss, here to view 2013 cover featuring Léa Seydoux, here to view 2012 cover featuring Saskia De Brauw, here for 2011 cover with Hyun Yi Lee, Han Hye Jin and Hye Jung Lee, and here for 2010 cover with Gisele Bundchen.