Foreign firms pay out 80% of profits back home as dividends in Korea
Headquarters building of HP Korea
Seoul - Yonhap
Foreign companies operating in South Korea have paid out more than 80 percent of their profits as dividends to shareholders since 2011, data showed Wednesday, amid concerns that their spending in Asia's fourth-largest economy is on the wane.
A total of 10.1 trillion won (US$9.9 billion) was paid out as dividends to shareholders by 28 foreign firms here with annual sales of more than 1 trillion won, according to the data compiled by CEO Score, which tracks the nation's big business groups. The figure is 80.3 percent of the combined net profit earned by them for the three years since 2011.
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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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