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Namyang owner faces doubts over attempt to sell company to Dayou

Namyang owner faces doubts over attempt to sell company to Dayou

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Namyang-to-hahn-company , National-assembly , Hahn-company , Seoul-central-district-court , Dayou-winia-group , Namyang-dairy-products-chairman-hong-won-sik

Namyang Dairy under investigation for gender discrimination

Namyang Dairy under investigation for gender discrimination

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Supreme-court , National-assembly , Ministry-of-employment , Duringa-national-assembly , Labor-an-kyung-duk , Joint-press

[ANALYSIS] K Car IPO becomes less lucrative for Hahn & Company

Hahn & Company's hoped-for earnings from the forthcoming initial public offering (IPO) of K Car has decreased, as the used-car dealership owned by the private equity firm (PEF) cut its offering price, after facing a skeptical outlook.

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Gyeonggi , Kyonggi-do , Korea , Ko-young-kwon , Lotte , Hahn-company

[ANALYSIS] K Car IPO becomes less lucrative for Hahn & Company

Hahn & Company's hoped-for earnings from the forthcoming initial public offering (IPO) of K Car has decreased, as the used-car dealership owned by the private equity firm (PEF) cut its offering price, after facing a skeptical outlook.

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Gyeonggi , Kyonggi-do , Korea , Ko-young-kwon , Lotte , Hahn-company

Namyang dairy chairman's wife accused of violating social distancing rule

Namyang dairy chairman's wife accused of violating social distancing rule

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Busan , Pusan-gwangyoksi , Korea , Lee-woon-kyung , Bahk-eun-ji , Namyang-dairy-products

South Korean dairy firm chairman resigns over false COVID-19 claims

South Korean dairy firm chairman resigns over false COVID-19 claims
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Namyang Dairy Products Chairman Hong Won-sik apologizes for false claims about the company's yogurt drink in a press conference at the firm’s head office in Seoul on Tuesday. Photo by Moon Jae-won/UPI News Korea
SEOUL, May 6 (UPI) -- The chairman of one of South Korea's largest dairy manufacturers is resigning after the company falsely claimed its yogurt drink could help prevent COVID-19 infection.
Namyang Dairy Products Chairman Hong Won-sik, who owns 51.68 percent of the Seoul-based manufacturer, bowed his head and gave a tearful apology to the media on Tuesday.

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Hong-doo-young , Ministry-of-food , Dairy-products-chairman-hong-won-sik , Drug-safety , Park-ju-gun , Hwang-ha-na

Lessons from Namyang fiasco

Lessons from Namyang fiasco
No company can survive without consumers' confidence
Namyang Dairy Products Chairman Hong Won-sik offered to resign Tuesday, apologizing for causing controversy over false claims about the anti-viral effects of the company's yogurt drink, Bulgaris. In a press conference at the company headquarters in southern Seoul, he also vowed not to hand over management of the company to his children.
Hong's resignation came three weeks after Namyang's research chief claimed in a symposium that Bulgaris reduces the chance of COVID-19 infections by 78 percent. Following the announcement, the company's shares soared and the yogurt drink sold out in many retail stores.

Seoul , Soult-ukpyolsi , South-korea , Namyang , Cholla-namdo , Ministry-of-food , Bulgari , Dairy-products-chairman-hong-won-sik , Drug-safety , Nti-viral-effect , Ogurt