Korea Joongang Daily
Korea JoongAng Daily

Court grants bail to former Namyang Dairy chairman

A court granted bail to Hong Won-sik, 75, former chairman of Namyang Dairy Products, allowing him to stand trial without detention on charges of embezzlement and breach of trust involving more than 20 billion won ($14.7 million).

2025-05-26

Ex-Namyang Dairy chairman arrested over misleading claims that yogurt prevented Covid-19

A former chairman of a major dairy company has been arrested on charges of breach of trust and false advertising related to a yogurt product's benefits against Covid-19.

2024-11-29

Prosecutors grill Namyang Dairy's former CEO over embezzlement allegations

Prosecutors questioned a former chairman of a major Korean dairy company Monday as part of an investigation into allegations he embezzled company funds for personal use.

2024-11-19

Namyang Dairy sold to Hahn & Company, ending 60 years of family control

Korean private equity firm Hahn & Company acquires Namyan Dairy Products after a two-year legal dispute. The firm hopes to rebuild consumer trust and stabilize management.

2024-01-04

Concerns that ‘milkflation’ could further sour cost of living

Korean dairy companies are poised to raise milk prices, but the increases are limited in response to government concerns over possible "milkflation."

2023-08-30

Namyang Dairy scion sentenced for cannabis

In its ruling, the court said he deserved a heavy sentence because he didn't simply use marijuana, but recommended others to buy the drug as well.

2023-04-05

Accused pot dealer surrenders after returning to Korea

The grandson of the founder of a major Korean textile company accused of dealing marijuana turned himself in less than a week after prosecutors announced that he and two other suspects were on the lam overseas.

2023-01-30

Seoul Milk prices to increase some 6 percent next week

Prices of Seoul Milk products will increase 6 percent on average starting Nov. 17 due to the hiked prices of raw milk, according to Seoul Dairy Cooperative Thursday.

2022-11-10

Namyang Dairy picks up pieces after sale collapses

The nominations of four directors chosen by Hahn & Company were voted down by shareholders of Namyang Dairy Products Tuesday.

2021-09-14

Namyang Dairy's sale to Hahn & Company scrapped by Hong

Namyang Dairy Products Chairman Hong Won-sik has formally scrapped the takeover of the company he leads and controls, informing the buyer that the deal is off.

2021-09-01