Korean household loans rise sharply 2014 amid low borrowing costs
Home prices
Seoul - Yonhap
Household loans extended by South Korean lenders increased sharply last year on the back of low borrowing costs, data showed on Sunday, stoking concerns that the country's household debt could balloon further.
According to the data compiled by the country's six major lenders including Kookmin and Shinhan, home-backed lending, which accounts for roughly 90 percent of the total, increased 10.8 percent, or 29.2 trillion won (US$26.44 billion), last year to 299.8 trillion won.
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Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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