Food Company CEOs Sequentially Selected as Witnesses for National Assembly Audit

Hong Won-sik, chairman of Namyang Dairy Products, is holding a public apology press conference related to the 'Bulgaris incident' on the 4th at Namyang Dairy Products headquarters in Gangnam-gu, Seoul. Last month, Namyang Dairy Products announced at the 'Symposium on Developing Antiviral Foods in the COVID-19 Era' that the Bulgaris product was confirmed to reduce COVID-19 by 77.8%. However, the research results were revealed to have exaggerated the animal 'cell-level' experiment results, causing controversy. In response, Hong Won-sik, chairman of Namyang Dairy Products, announced his intention to resign at the public apology press conference that day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Lim Hye-seon] Food company CEOs have been consecutively selected as witnesses for the National Assembly audit.

The National Assembly's Political Affairs Committee held a plenary meeting on the morning of the 16th and approved the attendance request for 21 witnesses and reference persons to be called for the audit of the Office for Government Policy Coordination and the Fair Trade Commission. The committee selected business leaders such as Cha Seok-yong, Vice Chairman of LG Household & Health Care, and Hong Won-sik, Chairman of Namyang Dairy Products, as witnesses for the audit.

Hong Won-sik, Chairman of Namyang Dairy Products, is expected to be questioned about owner risks such as the 'Bulgaris incident' that caused damage to franchise owners and shareholders. Cha Seok-yong, Vice Chairman of LG Household & Health Care, will be asked about unfair trade practices between franchisees and suppliers.

The Fair Trade Commission selected Joo Jin-woo, Chairman of Sajo Group, Cha Seok-yong, Vice Chairman of LG Household & Health Care, and Andrew John Horton, President of Nike Korea, as witnesses for the audit.

The Political Affairs Committee will conduct the 2021 National Assembly audit from October 1, starting with the Office for Government Policy Coordination, until October 21.

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