S.Korean dairy boss quits over claim yoghurt drink effective against COVID-19

South Korea, COVID-19

The chairman of a major South Korean dairy company stepped down on Tuesday after police launched an investigation into the company's assertion that its yogurt drink was effective in fighting the novel coronavirus.

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 Dairy's chairman position to take responsibility for all of this and I will not pass on management to my children," Hong said in a televised public apology.

Hong and his family members have a combined stake of 53.1% of South Korea's No.3 dairy firm by revenue, according to Namyang's regulatory filings.

Officials at Namyang Dairy could not be immediately reached for comment.

Seoul police last week raided the company's headquarters.

The company claimed at a forum attended by reporters last month that its Bulgaris yogurt drink was effective in preventing COVID-19, sending its stock surging nearly 30%.

South Korea's Ministry of Food and Drug Safety subsequently issued a statement saying that Namyang had no evidence to support its claim, and accused the company of illegally spreading misleading information.

Namyang Dairy shares were up 16.3% versus the broader KOSPI's 0.5% decline as of 02:43 GMT.

News Related


Mexico promises justice after metro train line collapse kills 24

Mexico will punish those responsible for an overpass collapse that killed at least 24 people and injured dozens when a train on Mexico City’s newest metro line plunged onto a busy road below,… Read more »

'Try anything': Japan's silver-haired cheer-dancing squad

Pompoms rustle and silver shoes flash as “Japan Pom Pom” practices, moving to a lively cheer dance beat. With members ages 60 to 89, they’re no ordinary squad. But don’t you dare call… Read more »

Japan faces longer state of emergency, casting doubt on Olympics

The Japanese government is considering extending a coronavirus spurred state of emergency in Tokyo and other major urban areas, a move that could cast doubt on the planned Summer Olympics. Officials were leaning… Read more »

US Defense Secretary Lloyd Austin to attend Shangri-La Dialogue in Singapore

U.S. Defense Secretary Lloyd Austin will attend the Shangri-La Dialogue Asian security summit due to be held in Singapore next month, organisers said, after the annual meeting was cancelled last year due to… Read more »

Mexico City rail overpass collapses, killing 15 and injuring 70

Fifteen people were killed and 70 hurt when an overpass carrying Mexico City metro train cars partially collapsed on to a road on Monday night, authorities said. A dramatic video on local channel… Read more »

Australia says chance of jail remote for India travel ban offenders

Australian Prime Minister Scott Morrison, under pressure to overturn rules barring travel from COVID-ravaged India, said on Tuesday it was “highly unlikely” travellers would face maximum penalties of five years jail and a… Read more »

Thailand reports new daily record of 31 coronavirus deaths

Thailand on Monday reported a new daily record of 31 coronavirus deaths, the health ministry said, as the Southeast Asian country grapples with a third wave of infections. After managing to largely control… Read more »

Trainee Indian doctors pulled from exams to fight world’s biggest COVID surge

India postponed exams for trainee doctors and nurses on Monday, freeing them up to fight the world’s biggest surge in coronavirus infections, as the health system crumbles under the weight of new cases and… Read more »

Bill and Melinda Gates file for divorce, shaking philanthropic world

SEATTLE — Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage, saying they had reached an… Read more »

India favors closer cooperation with Vietnam

Illustrative photo However, India has also left a wide open corridor for more commercial cooperation with Vietnam under an equal bilateral framework. Hence, this is an opportunity for Vietnam to seek advantages in… Read more »

India's COVID-19 cases near 20 million, peak seen nearing

New Delhi/ Mumbai — India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day to take its overall caseload to just shy of 20 million, as scientists predicted… Read more »

English music-lovers party like it's 2019 at COVID-19 pilot festival

Live music returned to the birthplace of The Beatles after a long coronavirus-enforced silence on Sunday when the English city of Liverpool hosted a one-off music festival to test whether such events spread… Read more »

A 'constant wrench': parenthood from behind bars

Nine-year-old Shadene’s face lights up; her father who is in a Marseille prison has just appeared through a door on the other side of the boxy, tiny room. As he approaches, she stands,… Read more »

Cambodia reports daily record of 730 COVID-19 cases

Cambodia reported a daily record of 730 new coronavirus cases, the health ministry said in a statement on Sunday, as the country struggles to contain a wave of infections that emerged about two… Read more »

Indian industry body urges curbs to economic activity to save lives

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus cases that have overwhelmed… Read more »

Four astronauts return from space station aboard SpaceX capsule

Four astronauts returned safely to Earth from the International Space Station early on Sunday in a SpaceX Crew Dragon capsule, parachuting to splash-down in the Gulf of Mexico, NASA said. Their return marked… Read more »

India's COVID-19 daily cases hold close to record, another state imposes lockdown

NEW DELHI — India’s new coronavirus cases dipped marginally on Sunday but deaths due to the infection jumped by a record 3,689, with one more state going into lockdown as the nation’s creaky… Read more »

Thailand sees second day of record-high virus deaths

Thailand’s Health Ministry on Sunday reported 1,940 new coronavirus cases, while deaths hit 21 for a second day, the highest daily number of fatalities since the pandemic began. Thailand largely controlled the virus… Read more »

Singapore's hot housing market faces risk of cooling curbs

Ishwinder Kaur and her husband spent more than two years looking to buy their first home in Singapore, hoping property prices would dip during the hunt. The couple finally bought their apartment in… Read more »

India's daily COVID-19 cases pass 400,000 for first time as second wave worsens

India posted a record daily rise of 401,993 new coronavirus cases on Saturday as the country opened up its massive vaccination drive to all adults, although several states warned of acute shortages. It… Read more »

Thailand reports new daily record of 21 deaths in third virus wave

Thailand on Saturday reported a new daily record of 21 coronavirus deaths in one day, the health ministry said, as the Southeast Asian country prepared to open registration for a long-awaited mass vaccination… Read more »

Fire in hospital's intensive care kills 18 in India's Gujarat

At least 18 people, including two healthcare workers were killed in a fire at a COVID-19 hospital in the western Indian state of Gujarat late on Friday night, officials said on Saturday, in… Read more »

China reports 16 new COVID-19 cases vs 13 a day earlier

China reported 16 new mainland COVID-19 cases on April 30, down from 13 cases a day earlier, the country’s national health authority said on Saturday. All of the new cases were imported infections… Read more »

Singapore finds COVID-19 cluster in hospital as local cases climb

Singapore has detected a COVID-19 cluster in one its largest hospitals, among 16 new locally transmitted infections that were reported on Thursday, its highest number of domestic cases in seven months. Singapore has… Read more »

Dozens killed in stampede at sage’s grave in Israel

Dozens of people were killed in a stampede at a religious bonfire festival in Israel on Friday, medics said, in what Prime Minister Benjamin Netanyahu described as a “heavy disaster”. Tens of thousands… Read more »

High anxiety: World's longest pedestrian suspension bridge opens in Portugal

Hugo Xavier became one of the first people to cross the world’s longest pedestrian suspension bridge when it opened on Thursday near his tiny hometown of Arouca in northern Portugal. “Oh…here we go!,”… Read more »

India's coronavirus infections cross 18 million; record number of daily deaths

India’s total COVID-19 cases passed 18 million on Thursday after another world record daily infection and as the government rejected reports of problems with its vaccine campaign. India reported 379,257 new COVID-19 cases… Read more »

As Japanese scepticism grows, organisers say they could hold Olympics without spectators

Organisers of the Tokyo 2020 Olympics rolled out stricter coronavirus countermeasures on Wednesday, including a plan to test athletes daily, as they try to reassure a Japanese public made increasingly sceptical by the… Read more »

S.Korea to lift mandatory quarantine for residents fully vaccinated against COVID-19

South Korea said on Wednesday it will offer some exemptions to mandatory quarantine measures for people who have been fully inoculated against COVID-19, in an effort to encourage more vaccinations. South Korea has… Read more »

US regulator allows SpaceX Starlink satellites at lower altitude

Elon Musk’s Starlink project to provide broadband from space received authorization Tuesday to place its satellites lower than previously proposed. The US Federal Communications Commission (FCC) said the move will “serve the public… Read more »

War-rooms and oxygen: India's IT companies scramble to handle COVID-19 surge

India’s giant IT firms in Bengaluru and other cities have set up COVID-19 “war-rooms” as they scramble to source oxygen, medicine and hospital beds for infected workers and maintain backroom operations for the… Read more »

Magnitude 6.2 earthquake strikes India's Assam: EMSC

An earthquake of magnitude 6.2 struck Assam, India, on Wednesday, the European Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 10 km (6.21 miles), EMSC said. Strong tremors were… Read more »

Few reported Covid infections after trial Barcelona gig

Six people out of 5,000 who attended an indoor trial concert last month in Barcelona reported testing positive for COVID-19 afterwards, organisers said on Tuesday, giving hope for the revival of the live… Read more »

Philippine collector amasses super-sized collection of fast-food restaurant toys

From the age of 5, Filipino graphic artist Percival Lugue has had a passion for collecting toys from fast-food restaurant chains like McDonald’s, Burger King and home-country favourite Jollibee. Now, nearly five decades… Read more »

Vital medical supplies reach India as COVID deaths near 200,000

Vital medical supplies began to reach India on Tuesday as hospitals starved of life-saving oxygen and beds turned away coronavirus patients, and a surge in infections pushed the death toll close to 200,000.… Read more »

UNICEF Goodwill Ambassador David Beckham leads global vaccination drive during World Immunization Week

UNICEF Goodwill Ambassador and founder of the 7 Fund for UNICEF, David Beckham, is fronting a global initiative to inspire confidence in vaccines and encourage parents around the world to vaccinate their children… Read more »

High prices nibble at corn's sway as Asian feed buyers switch to wheat

Asian feed manufacturers are switching to wheat in animal rations as multi-year high corn prices constrict demand for the yellow grain widely used to fatten hogs and chickens. Some of the world’s top… Read more »

India’s new COVID-19 cases stay above 300,000, army called to help

Much needed medical supplies poured into India on Tuesday as overrun hospitals turned away patients due to a shortage of beds and oxygen supplies and a surge of infections pushed the COVID-19 death… Read more »

Thailand starts stricter COVID-19 shutdown, but experts say not enough

Thailand’s government slapped restrictions on travel from India on Monday over concerns of imported coronavirus cases and closed more venues in Bangkok, even as it came under fire for not doing enough to… Read more »

Britain's Queen Elizabeth aircraft carrier to visit Japan, S Korea on maiden deployment

Britain’s HMS Queen Elizabeth aircraft carrier will lead a flotilla of Royal Navy ships through Asian waters on port visits to Japan and South Korea on its maiden deployment, the British embassy in… Read more »

Malaysia says AstraZeneca vaccine safe, will be used for over 60s

Malaysian health authorities on Monday said the vaccine developed by AstraZeneca is safe for use, three days after the Southeast Asian nation received its first batch of the shots bought through the global… Read more »

Moderna vaccine to be reviewed for WHO emergency listing on April 30: WHO spokesman

Moderna’s COVID-19 vaccine will be reviewed on April 30 by technical experts for possible WHO emergency-use listing, a World Health Organization spokesman told Reuters. “We are discussing the Moderna COVID-19 vaccine on Friday…,”… Read more »

Sunken missing Indonesian submarine found broken into pieces

A missing Indonesian submarine has been found, broken into at least three parts, at the bottom of the Bali Sea, army and navy officials said on Sunday, as the president sent condolences to… Read more »

Hong Kong, Singapore to start long-delayed travel bubble next month

A long delayed travel bubble between Hong Kong and Singapore will begin on May 26, the two cities said on Monday, as they moved to re-establish overseas travel links and lift the hurdle… Read more »

New Delhi extends coronavirus lockdown as India cases hit new record

India’s capital New Delhi on Sunday extended its lockdown as the country’s COVID-19 crisis grew with infections and deaths hitting record highs. The vast nation of 1.3 billion people recorded 349,691 fresh cases… Read more »

Chloe Zhao nabs historic best director win for ‘Nomadland’

China native Chloe Zhao was named best director at the Oscars on Sunday in a historic win that made her the first Asian woman and only the second woman ever to take home… Read more »

India coronavirus cases set new global record, U.S. readies help

India set a new global record of the most number of coronavirus infections in a day, as the United States said it was racing to send help to the country. India’s number of… Read more »

Thailand sets daily record of COVID-19 deaths for second day

Thailand on Sunday set a record for the daily number of COVID-19 deaths for the second consecutive day, just as authorities step up the response to a rapid third wave of infection after… Read more »

At least 27 dead in fire at Baghdad hospital for COVID patients- medical sources

At least 27 people were killed and 46 injured in a fire on Saturday at a hospital in southeastern Baghdad that had been equipped to house COVID-19 patients, medical sources at three nearby… Read more »

Co-creator of AstraZeneca COVID shot defends safety amid clot concerns

One of the Oxford scientists who co-developed AstraZeneca’s COVID-19 vaccine defended its safety on Friday and said he was not worried that some countries had opted to restrict its use amid concerns about… Read more »