Kolmar Vice Chairman Yoon Sanghyun Says He Is "Working to Resolve Conflict With Father Before Extraordinary Shareholders' Meeting"
First Official Appearance Since Management Dispute
Kolmar BNH Extraordinary Shareholders' Meeting Set for the 26th
Yoon Sanghyun, Vice Chairman of Kolmar Holdings, stated on September 19 that he is "working to resolve the Kolmar Group owner's family conflict before the extraordinary general meeting of shareholders."
Vice Chairman Yoon made these remarks while speaking with reporters at the "Amazon Beauty in Seoul 2025" event held at COEX in Seoul on the same day. Regarding his relationship with his father, Chairman Yoon Donghan, he said, "I am in constant contact with my father," and added, "It is a matter between a father and a son," declining to elaborate further.
He went on to say, "The fundamental direction is prioritizing shareholder value, and to enhance shareholder value, corporate value is crucial. This has been my consistent approach since joining Kolmar, and that will not change going forward."
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The conflict within the Kolmar Group owner's family surfaced during the process of appointing a new internal director for Kolmar BNH, the group's health functional food subsidiary. The turning point in the dispute is expected to be the extraordinary general meeting of Kolmar BNH shareholders scheduled for September 26. At this meeting, the appointment of Vice Chairman Yoon and former CJ CheilJedang Vice President Lee Seunghwa as internal directors will be discussed.
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