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May 28, 2021
The company put up stakes for sale Hahn & Company, the South Korean private equity investment firm specializing in buyouts and corporate restructurings, will be buying the combined 378,938 common shares that are owned by the company’s former chairman, Hong Won Sik, his wife, and his grandson. The Korea Herald reported that Namyang Dairy Product’s board agreed to put these stakes up for sale. The acquisition of the Namyang stakes came to light through the disclosure that was filed to the Fi...
May 28, 2021
Namyang deal to test Hahn & Co.s ability to manage ESG risks
May 16, 2021
An enhanced N has arrived, bringing with it broader appeal for enthusiasts drawn to high performance versions of the 2021 Hyundai Veloster. An automatic transmission applies the shine. But not any old automatic. This one is an eight-speed dual-clutch automatic, which snaps shifts up or down like a cowboy cracking a bull whip. Dual-clutch automatics actually are two transmissions in one package, in this case each operating half of the eight gears. With two clutches poised to open or close, it c...
May 12, 2021
Specs and pricing: The all-new KIA Sonet has been launched in SA By Pritesh Ruthun Share JOHANNESBURG - Said to be manufactured to the highest quality standards at its state-of-the-art production facility at Anantapur, India, the KIA Sonet is the South Korean brand’s all-new smart urban compact SUV, marking the brand’s entry into the burgeoning B-SUV segment in South Africa. “With its sporty, eye-catching design language, fun-to-drive dynamics and the high-quality features we are renowned...
May 8, 2021
Description At the May 5, 2021, General Audience Pope Francis focused his catechesis on contemplative prayer and says contemplation helps guide us in following Jesus along the path of love. Publisher & Date Dear brothers and sisters, good morning! We continue the catechesis on prayer and in this catechesis, I would like to reflect on contemplative prayer. The contemplative dimension of the human being – which is not yet contemplative prayer – is a bit like the “salt” of life: it give...
May 8, 2021
[ANALYSIS] Namyang Dairys unchanging governance reality Posted : 2021-05-08 07:43 By Kim Jae-heun Namyang Dairy Product has been embroiled in more than a few controversies that have incurred public anger leading people to boycott the company. A scandal occurred in May 2013 when it was discovered that a company salesman was threatening wholesale customers in order to force them to buy more products. The same year, it was found to be still forcing female employees to quit their jobs when they ...
May 7, 2021
Namyang Dairy embroiled in patent infringement scandal Posted : 2021-05-07 08:44 By Kim Jae-heun Namyang Dairy Product, which recently admitted to issuing a false report to exaggerate the health effects of its yogurt drink, "Bulgaris," is now embroiled in a patent infringement case. "Inner Care," another yogurt drink made by the dairy company, comes with a health-supplementa pill placed between the cap and the bottle to drink with the beverage. And this combination is nearly identical to a ri...
May 7, 2021
Namyang Dairy may be ordered to temporarily shut down two plants in Sejong Photo by: Namyang Website Related Stories Namyang Dairy is reportedly facing the risk of being asked to close down two of its plants in Sejong City over breach of the Act on the Labeling and Advertising of Foods law. It was said that its production facilities may have to be shut for two months. Temporary factory closure As per The Korea Times, the cause of violation was the company’s claim of its yogurt’s effectiv...
May 6, 2021
Namyang may close two production facilities temporarily Posted : 2021-05-06 08:49 Updated : 2021-05-06 14:50 Namyangs dairy products thrown in a pile outside the companys headquarters in Seoul in May 2013, after it was hit for forcing subcontractors to purchase products nearing expiration dates. Korea times file. By Kim Jae-heun Namyang Dairy Products may have to close two production facilities in Sejong City for two months for breaching the Act on the Labeling and Advertising of Foods after...