SEOUL, KOREA, REPUBLIC OF The chairman of one of South Korea s biggest dairy companies has resigned over a scandal in which his company was accused of deliberately spreading misinformation that its yogurt helps prevent coronavirus infections. While stepping down as the company s head, Hong Won-sik and other members of his family will retain their commanding share in Namyang Dairy Products. Namyang financed research it aggressively promoted through the media and a symposium it funded last month that claimed its Bulgaris yogurt drinks were effective in lowering the risk of coronavirus infections. Namyang s stock price rose temporarily before the Ministry of Food and Drug Safety sued the company for false advertising, saying the research was dubious and never involved any animal testing or clinical trials.
South Korean dairy boss quits over claim yoghurt drink effective against COVID
The chairman of a major South Korean dairy company stepped down on Tuesday after police launched an investigation into the company s assertion that its yogurt drink was effective in fighting the novel coronavirus.
8 hours ago|United Kingdom
S.Korean dairy boss quits over claim yoghurt drink effective against COVID
SEOUL - The chairman of a major South Korean dairy company stepped down on Tuesday after police launched an investigation into the company s assertion that its yogurt drink was effective in fighting the novel coronavirus.
8 hours ago|Singapore
South Korean dairy boss quits over claim yoghurt drink effective against Covid-19
Namyang chairman s resignation lifts stock price
Posted : 2021-05-04 16:59
Updated : 2021-05-04 17:42
Namyang Diary Product Chairman Hong Won-sik bows during an apology Tuesday for claims the company made last month, backed by false reports, that its yogurt drink Bulgaris had anti-viral properties making it effective against the coronavirus causing COVID-19. Yonhap
By Kim Jae-heun
Namyang Dairy Product s shares soared 9.52 percent Tuesday following the much-awaited departure of Chairman Hong Won-sik from the top post.
Hong said he took full responsibility for claims made last month, backed by false reports, that the company s yogurt drink Bulgaris had anti-viral properties making it effective against the coronavirus causing COVID-19.
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South Korea dairy boss quits over claim yogurt drink effective against COVID-19
An advertisement for a Namyang Dairy Products Bulgaris drink is seen in this screencapture. (Image: YouTube/Namyang Dairy)
04 May 2021 04:50PM (Updated:
04 May 2021 04:54PM) Share this content
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SEOUL: The chairman of one of South Korea’s biggest dairy companies has resigned over a scandal in which his company was accused of deliberately spreading misinformation that its yogurt helps prevent coronavirus infections.
While stepping down as the company’s head, Hong Won-sik and other members of his family will retain their commanding share in Namyang Dairy Products.
S Korean dairy boss resigns after COVID-19 claim
Reuters, SEOUL
The chairman of a major South Korean dairy company yesterday stepped down after police launched an investigation into the company’s assertion that its yogurt drink was effective in fighting COVID-19.
Namyang Dairy Product Co Ltd chairman Hong Won-sik’s resignation came three weeks after the initial claim and its retraction. The sacking of the chief executive did little to calm a consumer backlash.
“I will resign from Namyang Dairy’s chairman position to take responsibility for all of this and I will not pass on management to my children,” Hong said in a televised public apology.