The chairman of Namyang Dairy Products, one of South Korea’s biggest dairy companies, resigned Tuesday amid a scandal over the marketing of one of its yogurt drinks as a way to prevent Covid-19.Key Facts
Hong Won-sik announced his resignation at a Tuesday press conference and said he was taking “all responsibility” for the false claim, though he and his family members will hold onto their combined 52.1% stake of the company. Namyang aggressively promoted research it had commissioned which claimed its Bulgaris yogurt drink was effective at inhibiting Covid-19 by 77.8% and the H1N1 influenza virus strain by 99.99%. by 29%, the highest peak since 1978, after the purported research findings were presented at a symposium it funded last month.
However, the Korea Disease Control and Prevention Agency quickly flagged the findings and the Ministry of Food and Drug Safety later sued Namyang, highlighting that the research had not involved animal testing or clinical trials and accusing the company of illegally spreading misleading information.
Namyang’s headquarters were raided by Seoul police last week and the company’s CEO, Lee Kwang-bum, also offered to step down. “I express my sincere apology for causing disappointment and anger to our country’s people with the Bulgaris-related controversy at a time when the nation is undergoing a hard time because of Covid-19,” Hong said at the Tuesday press conference.Compared to other countries, South Korea has kept the coronavirus largely under control throughout the pandemic.
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Resigned? You mean he escaped jail by not owning up to their mistake.
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