1/5 of conglomerates' affiliates exposed to default risks in South Korea
South Korea
seoul - Yonhap
Nearly one-fifth of affiliates belonging to South Korea's large conglomerates are struggling with impaired capital and excessive debt, placing them under financial strain, a report showed Sunday.
According to CEO Score, which examined the financial statements of 1,418 companies belonging to 47 conglomerates in 2013, one out of five affiliates had debt ratios exceeding 400 percent or were in a state of capital erosion. This translates into 279 companies having a hard time staying afloat.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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