Now In Korea

Legal Dispute Over Management Control in Korean Colmar Group

Creatrip Team

a year ago

The sibling rivalry within Korea's Colmar Group has escalated into a legal battle between father and son — the founder Yoon Dong-han has filed a lawsuit against his son Yoon Sang-hyun to retrieve shares. The dispute hinges on whether the shares were gifted with conditions (burdensome endowment). The outcome may alter the group's share structure and management, impacting the K-beauty industry. The case draws attention to the potential risks on Korean Colmar's standing amidst growing concerns from investors.

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