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Brands start cutting ties with actor Lee Sun Gyun and his wife actress Jeon Hye Jin

Brands started dropping actor Lee Sun Gyun and some sponsors even dropped his wife, actress Jeon Hye Jin, following the news that the actor is&nb…

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Appellate court shortens prison term to 1 1/2 years for scion of Namyang Dairy founder over drug use

A Seoul appeals court on Wednesday sentenced the grandson of the founder of Namyang Dairy Products to 18 months in prison for selling and smoking marijuana.

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More than dozen chaebol scions indicted on alleged drug use

More than a dozen of second- or third-generation scions of Korean family-owned conglomerates have been indicted on charges of habitually using and selling marijuana, prosecutors said Thursday.

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3rd generation chaebol Hwang Hana sentenced to 2 years in prison for second illegal drug use offense

3rd generation chaebol Hwang Hana sentenced to 2 years in prison for second illegal drug use offense
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Dairy company's failure


Dairy company's failure
Namyang lost consumers' trust due to its owners' mismanagement
Namyang Dairy Products' owner-run management of the past 57 years has come to an end. Faced with deepening consumer distrust in the wake of the so-called "Bulgaris scandal," the family that owns and manages Namyang has thrown in the towel. It is the first case of a founding family having to give up management and ownership simultaneously, after being shunned by consumers. The incident is a warning to other family-run companies ― called chaebol ― that they might face a similar fate unless they run their companies in accordance with laws and ethics.

Namyang , Cholla-namdo , South-korea , Hong-doo-young , Hahn-co , Dairy-product , Chairman-hong-won-shik , Bulgaris , Airy-product-company , Nethical , தெற்கு-கொரியா

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.

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