Seoul foreign banks pay big dividends to parent firms
Seoul - Yonhap
Foreign banks operating in South Korea have transferred a large sum of dividends and consulting fees to their parents firms, industry data showed Sunday, triggering a controversy over a massive capital outflow and the local units' financial soundness. According to the data, two foreign banks -- Citibank Korea Inc. and Standard Chartered Bank Korea -- have paid a total of 3.25 trillion won (US$3.18 billion) in dividends and consulting fees to their parent firms over the past 10 years, which is equivalent to 56.2 percent of their combined net profit of 5.78 trillion won over the cited period.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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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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