National Tax Service Conducts Tax Audit on 'Olpoom', Company Owned by Harim Group Heir's Son

[Sejong=Asia Economy Reporter Son Seonhee] It was reported on the 16th that the National Tax Service conducted a tax investigation on 'Olpoom,' a company owned by Kim Hong-guk, chairman of Harim Group, a poultry-specialized company.

According to related industries on the day, the National Tax Service recently conducted an on-site investigation, securing related materials at Olpoom's headquarters and other locations. The investigation was reportedly led by the Investigation Division 4 of the Seoul Regional Tax Office, which is in charge of irregular special tax investigations.

Harim Group was recently sanctioned by the Fair Trade Commission for unfair support related to Olpoom. Last month, the Fair Trade Commission announced that it would impose corrective orders and fines totaling 4.888 billion KRW on eight Harim Group affiliates that violated the Fair Trade Act by concentrating purchase volumes on Olpoom.

According to the Fair Trade Commission's investigation, Olpoom, 100% owned by Kim Hong-guk, chairman of Harim, through his son Junyoung, holds 100% shares of its subsidiary Korea Investment (formerly Korea Somevet), and through the group's holding company Harim Holdings (formerly Jeil Holdings) and Harim Group, securing group control through this shareholding structure.

Previously, Chairman Kim gifted 100% of Olpoom's shares to Junyoung in 2012.

This content was produced with the assistance of AI translation services.