Ginseng is known as the “king” of herbal plants and has been used widely in Asia for centuries. Ginseng contains active saponins, including protopanaxadiols, protopanaxatriols, and other compounds. There are many methods for processing ginseng, such as steaming, fermentation, expansion, and conversion of active compounds, which can improve its biological activity. In this study, we investigated the cytotoxic and oxidative effects of fermented black color ginseng (FBCG), black ginseng (BG), and white ginseng (WG) on a human lung carcinoma cell line (A549). Moreover, we found that treatment with FBCG induced oxidative stress in the A549 cell line and increases the apoptosis percentage; these effects were linked to the stimulation of the caspase 3/mitogen-activated protein kinase (caspase 3/MAPK) pathway. We also evaluated the anti-coronavirus disease-2019 (COVID-19) effect of FBCG on a severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)-infected Vero E6 cell line. Our results suggest that FBCG not only inhibits the replication of this strain of virus in the cell but also reduces the number of viral RNA (vRNA) copies in the extracellular environment. Taken together, these data show that FBCG has both potential anti-lung cancer and anti-COVID-19 effects.