Kolmar Group Vice Chairman Yoon Sang-hyun

Kolmar Group said Thursday that Vice Chairman Yoon Sang-hyun was appointed as the CEO of Kolmar Holdings, the holding firm of the original development and design manufacturer (ODM) of cosmetics products.

He is the oldest son of Yoon Dong-han, who set up Kolmar Korea in 1990 in collaboration with Nihon Kolmar. The Korean company acquired the trademark right for Kolmar in 2022 from a U.S. firm that launched the brand in 1921, so it now holds the exclusive right to license the use of the brand.

Under the new CEO's leadership, Kolmar seeks to focus more on its global expansion.

The company opened a research and sales facility in New Jersey last year and built its second U.S. factory this year to expand its presence in the North American market. It has also sought expansion in Southeast Asia by establishing subsidiaries in Vietnam, the Philippines and Singapore.

Last month, Kolmar Korea Holdings removed "Korea" from its corporate name to show its will to lead all other companies using Kolmar's brand globally.

"Our group's businesses are expected to gain momentum with the appointment of the vice chairman who has directed our group's major M&As and global expansion," a Kolmar Holdings official said.