Kolmar Group Reaffirms Commitment to Compliance Management on 36th Anniversary

Starting with just four employees, Kolmar Group has reached the status of a large business group after 36 years, reaffirming its commitment to compliance management on its anniversary. The event served as a reminder for all employees of the increased social responsibilities that come with the company's growth.
 
According to Kolmar Group, Kolmar Holdings and Korea Kolmar held their '4th Compliance Day' events on May 14 at the Korea Kolmar Comprehensive Technology Center in Seocho-gu, Seoul, and at the Sejong plant in Jeonui-myeon, Sejong City, respectively. They designated May 15, their founding anniversary, as 'Compliance Day' and have held annual commemorative events since 2023.
 
This year's event aimed to establish a culture of compliance programs (CP) within the group and enhance employees' awareness of legal compliance. Prior to the event, both companies conducted an ethics management pledge campaign involving all employees across their business sites.
 
Notably, this year featured various experiential programs. Kolmar Holdings organized a 'CP Contest' for employees, inviting them to create slogans centered on compliance culture. This contest was held for the first time this year, with Vice Chairman Yoon Sang-hyun personally presenting awards to the winners.
 
Korea Kolmar designated May 11 to 14 as 'Compliance Week,' offering both online and offline programs. Events such as 'Compliance MBTI' and 'Compliance Case Judgment Challenge' encouraged employee participation, and five employees recognized for their exemplary compliance practices received awards.
 
On April 29, Kolmar Group became the first cosmetics original design manufacturer (ODM) to be designated as a large business group by the Fair Trade Commission, marking a significant milestone since its founding by Chairman Yoon Dong-han with four employees in 1990.
 
As of the end of last year, Kolmar Group's total assets amounted to 5.2428 trillion won, meeting the asset criteria for large business groups. By subsidiary, Korea Kolmar reported 1.529 trillion won, HK Inno.N 2.0969 trillion won, Kolmar Holdings 546.1 billion won, and Kolmar B&H 520.6 billion won.
 
Kolmar Group has diversified its business from cosmetics into pharmaceuticals, biotechnology, and health supplements, achieving growth through global expansion. Last year, Korea Kolmar recorded consolidated sales of 2.7224 trillion won and an operating profit of 239.6 billion won, marking double-digit growth and the highest performance in its history.
 
Vice Chairman Yoon stated, "The compliance program is a core competitiveness that influences corporate value and trust. We will continue to enhance our compliance system at the group level to meet the heightened social responsibilities and expectations following our designation as a large business group."