S. Korea's dairy company CEO resigns over virus research scandal

Hong Won-sik, chairman of Namyang Dairy Products, bows in apology during a press conference at the company's headquarters in Seoul, South Korea, Tuesday, May 4, 2021. Hong resigned over a scandal in which his company was accused of deliberately spreading misinformation that its yogurt helps prevent coronavirus infections.- Yonhap via AP

SEOUL, South Korea (AP): The chairman of one of South Korea’s biggest dairy companies has resigned over a scandal in which his company was accused of deliberately spreading misinformation that its yogurt helps prevent coronavirus infections.

While stepping down as the company’s head, Hong Won-sik and other members of his family will retain their commanding share in Namyang Dairy Products.