April 25, 2024

• 

[THE INVESTOR] Kolmar Korea Chairman Yoon Dong-han has been indicted without detention for evading taxes using burrowed names for stock dealings, the Supreme Prosecutors’ Office said on Jan. 26.

Kolmar Korea founder and Chairman Yoon Dong-han / The Herald Business

The head of South Korea’s leading cosmetics original design manufacturer failed to pay 4.52 billion won (US$3.91 million) in taxes, using the names of distant relatives and employees when dealing with stocks of group affiliates between 2012 and 2015.

Yoon is the controlling shareholder of Kolmar Korea Holdings, the holding company of Kolmar Group, owning 49.2 percent stake as of the end of 2015. Under its umbrella are subsidiaries including Kolmar Korea, Kolmar Pharma, HNG, and Kolmar B&H. 

By Hwang You-mee (glamazon@heraldcorp.com)