CreatripTeam

Colma Holdings held an extraordinary shareholders’ meeting where a proposal to reinstate founder Yoon Dong-han and two others as inside directors was rejected. With only about 17% of attending shareholders voting in favor—far short of the legal thresholds—and all institutional investors voting against, the motion failed. Yoon Sang-hyun, the company’s vice chairman and largest shareholder (31.75%), abstained from voting due to family ties. The outcome cements Yoon Sang-hyun’s management control of the Colma Group after an earlier dispute over subsidiary Colma BnH’s performance; a negotiated settlement had already set a three-way co-leadership at the subsidiary. However, legal conflict remains as Yoon Dong-han’s claim demanding return of shares (주식반환 청구 소송) is still pending. Company officials say the vote affirms shareholder support for transparent governance and ongoing reform to enhance shareholder value.