Page 29 - Namyang News Today

Namyang chairmans 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 Products shares soared 9.52 percent Tuesday following the much-awaited departure of Chairman Hong W...

South Korea dairy boss quits over claim yogurt drink effective against COVID-19 Toggle share menu Advertisement 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 Bookmark SEOUL: The chairman of one of South Korea’s biggest dairy compani...

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 ...

WASHINGTON — The White House says President Joe Biden is setting a new vaccination goal to deliver at least one dose to 70% of adult Americans by July 4. This comes as the administration pushes to make it easier for people to get shots and to bring the country closer to normalcy. The new goal includes fully vaccinating 160 million adults by Independence Day. That comes as demand for vaccines has dropped off markedly nationwide, with some states leaving more than half their vaccine doses uno...

SKorea dairy company CEO resigns over virus research scandal A flower vendor makes garlands by a roadside in Jammu, India, Tuesday, May 4, 2021. COVID-19 infections and deaths are mounting with alarming speed in India with no end in sight to the crisis. (AP Photo/Channi Anand) May 04, 2021 - 1:37 AM 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 delibera...

Seoul police raid Namyang headquarters over false Covid-19 claim 2021.04.30 12:02:53 | 2021.04.30 12:03:01 Seoul police raid Namyang headquarters over false Covid-19 claim Receiver [Photo by Yonhap] South Korean police on Friday launched a raid on the headquarters of Namyang Dairy Products Co. and five other locations after the Ministry of Food and Drug Safety accused the company of misrepresenting the effectiveness of its yogurt product in containing Covid-19. Seoul Metropolitan Police Age...

Posted : 2021-04-30 15:42 Updated : 2021-04-30 16:51 Inspectors from the Seoul Metropolitan Police Agency come out from Namyang Dairy Products headquarters in Seouls Gangnam District on Friday after raiding there following the Ministry of Food and Drug Safetys complaint that the company released false information on its yogurt products calling them effective in preventing or curing coronavirus diseases. Yonhap Police raided the headquarters of a major dairy firm on Friday as part of a probe i...

From an insight perspective, this research report has focused on various levels of analysis - industry trends analysis, top players analysis, company

Namyang’s COVID-19 claim The root cause of this action from the investors was Namyang Dairy’s claim that its Bulgaris yogurt drink can help fight the symptoms of COVID-19. Last week, the South Korean food and dairy company said that its stock price increased by more than eight percent on April 13 and continued to go up to over 28% the next day. At that time, it was reported that Namyang’s share surge was caused by the consumers’ rush to buy its Bulgaris yogurt after it released a state...

Angry investors call for Namyang boycott over pseudoscientific claims Posted : 2021-04-18 16:37 Updated : 2021-04-18 17:46 Namyang Dairy Products Bulgaris drinking yogurt is on display at a supermarket in Seoul, last week. Yonhap By Kim Jae-heun Angry investors are calling on consumers to vote with their wallets by boycotting Namyang Dairy Products, after the company released the pseudoscientific claim that its yogurt drink Bulgaris can help control COVID-19. After...