Pantech creditors again extend deadline for debt-equity swap
Seoul
Seoul - Yonhap
Creditors of Pantech Co., South Korea's No. 3 handset maker, said Sunday they have agreed to extend the deadline again for local mobile carriers to decide whether to join a debt-equity swap for the cash-strapped company.
Pantech's creditors, led by Korea Development Bank, last month decided to seek a debt-equity swap of 480 billion won (US$471 million) for the troubled company. They asked SK Telecom Co., KT Corp. and LG Uplus Corp. to join the program by chipping in 180 billion won by Monday.
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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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