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(LEAD) Head of Kolmar Korea named among tax dodgers

All News 18:20 December 12, 2018

(ATTN: UPDATES with comments by Kolmar Korea spokeswoman)

SEJONG, Dec. 12 (Yonhap) -- The head of Kolmar Korea Co., a South Korean cosmetics original development manufacturing company, has been named among 30 tax dodgers, tax authorities said Wednesday.

The National Tax Service made public the names of Yoon Dong-han, chairman of Kolmar Korea, and 29 other individuals, as well as the amount of taxes they have avoided, on its website in an attempt to pressure them into paying their dues.

Yoon, 72, was sentenced to 30 months in prison in 2017 for avoiding taxes worth 3.67 billion won (US$3.2 million), according to Kolmar Korea and the NTS.

A court suspended the sentence for three years, however, meaning that he will not have to serve prison time if he stays out of trouble during that period.

In 2016, Yoon paid 3.67 billion won in taxes, which were imposed after Yoon's close associates sold their stakes in Kolmar Korea, according to a Kolmar Korea spokeswoman.

She said the stakes belonged to Yoon, but they had been held under names of Yoon's close associates -- a widespread practice that was not illegal until 1993, when South Korea introduced a real-name financial transaction system.

She said Yoon's close associates sold the stakes in 2012 when Kolmar Korea Holdings Co. was established.

"It was not an intentional tax evasion," she said. She asked not to be identified.

An official of the National Tax Service holds a press briefing in this file photo. (Yonhap)


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