<Anchor>
Namyang Dairy's chairman Hong Won-sik, who was controversial over the announcement that the dairy product vulgaris has a corona deterrence effect, resigned after apologizing to the public.
They also announced that they would not hand over management rights to their children, but Namyang Dairy’s stock price soared.
Reporter Kim Jung-woo reported.
<Reporter>
Namyang Dairy Chairman Hong Won-sik resigned after announcing an apology to the public after three weeks of controversy over the announcement that the company's dairy product vulgaris has the effect of suppressing the Corona 19 virus.
[Hong Won-sik/Chairman Namyang Dairy: It seems that he was unable to escape from the framework of the old-fashioned thinking and did not meet the expectations of consumers.]
Past events that caused national anger were also discussed.
[Hong Won-sik/Chairman Namyang Dairy: (2013) We apologize for the push-out incident, our maternal nephew Hwang Hana incident, and last year's online comments.] We
cried that we would not hand over management rights to our children.
[Hong Won-sik/Chairman of Namyang Dairy: I will not hand over management rights to my children.]
Hong Jin-seok, the eldest son of Chairman Hong, seems to be conscious of the fact that he is responsible for this incident and is suspicious of misappropriation.
However, it did not come up with a concrete management reform plan that would break away from the closed family governance structure.
After the Bulgari crisis, Namyang faced the biggest crisis since its inception, such as police investigation and boycott of the Sejong Plant business suspension.
In the news of the resignation of the chairman, Namyang Dairy's stock price surged by up to 30% during the day and then rose 9.52% based on the closing price, and the market responded positively.
However, it will take some time to restore the market confidence and image, which has fallen due to repeated bad news.
(Video coverage: Cho Chun-dong, Video editing: Lee Seung-jin, VJ: Park Hyun-woo)