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The Seoul Central District Court on Monday ruled that no laws were broken in the sale of Korea Exchange Bank to the offshore investment fund Lone Star,ugg boots, ending a two-year legal battle.
The court found Byeon Yang-ho,mens nike air max, 54,Abercrombie paris, former director-general of financial policy at the Ministry of Finance and Economy,Abercrombie pas cher, not guilty of the charge of breach of trust for selling KEB to Lone Star for W800 billion (US$1=W1,ugg slippers,513) back in 2003.
The court also cleared former KEB president Lee Kang-won and ex-vice president Lee Dal-yong of charges relating to the sale of the bank at a knock-down price,air max 97. But the former KEB president was given a year and six months in prison in an unrelated case after being found guilty of receiving W60 million in bribes from a supplier,moncler Italia.
The court said KEB faced a strong risk of insolvency at the end of 2003,giubbotti moncler outlet, with its BIS capital adequacy ratio falling to 3.48 percent due to the credit card crisis,giubbotti moncler uomo, the North Korean nuclear standoff,sito ufficiale moncler, the U.S.-led war in Iraq and the SARS outbreak,air max 90s, making the sale inevitable to effect a major capital injection. It said it appears there were no interested buyers at the time other than Lone Star.
The court said the price was therefore not unreasonable and should be respected as a decision made on management and economic policy grounds,discount hollister.
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Why I just love being a bag lady
The man who thinks that it is a cold, unsentimental choice for what is a bag but a vessel for the detritus of life doesn't understand what handbags mean to women. To some women, let's hasten to add. A friend of mine once went out with a girl who enjoyed insisting that she had never owned a handbag. "She was a nightmare," he remembers, "It was forever, 'Would you hold this?'"
Contrary to what that girl thought, a lobotomy isn't a prerequisite for owning a handbag. I admit that I've had the same battered mushroombeige River Island number for about four years, and it ain't pretty. But its interior fits a notepad and dictaphone comfortably, it has an easily accessible pocket for my mobile and a zipped one for my purse.
You weren't expecting that, were you? Neither was I I won it in a charity raffle some years back and it only comes out to play on special occasions. But on those rare evenings that I tool up with my LV bag, I feel well more put together.
This is where the line is crossed between owning a bag for functionality or for fun. The utilitarian aspect of toting a bag around is accepted. Men have been carrying briefcases for an age (and some, I suspect, only contain the day's paper and a banana sandwich). It's no longer a crime to be seen slinging a rucksack or messenger bag over the shoulder.
As women are no longer confined between the kitchen, nursery and bedroom, we too need a repository for carrying our paraphernalia with us. Debenhams announced in January that women now carry an average of 3.3lbs of 'stuff' around with them in their bags.
Where we lose men is in the statistics surrounding women's handbagbuying. Depending on which survey you read, women can own up to 100 bags in their lifetime, and spend up to 4,000 acquiring them. It's hard to find a comparison for them. Men love their cars,[url=http://www.holisteroutlet.cc]hollister pas cher[/url], say, but they don't have seven of them."
Perhaps they would if they could afford them. In truth, most women can't afford the bags they most aspire to either socalled 'It' bags but it doesn't stop the desire for them. After about 15 years of 'It' bags, from the Fendi Baguette in the late '90s to Chloe Paddington and beyond, the downturn was supposed to put a kibosh on waiting lists for the 'musthave' items.
So how to explain that Mulberry purveyors of the current object of desire, the
Alexa bag is experiencing a 100pc preorder demand? Or that Hermes Birkins, one of the first 'famous' handbags, still has a lengthy waiting list?China, where status symbols are the new currency, Birkins are changing hands for more than 100,000 because there are people there willing to pay the giant import duties imposed by the Communist rulers on Western goods.
Clever marketing to women is part of the story. Note how many of these bags have women's names from the Hermes Kelly (after movie star Grace) and Birkin (after singer Jane) up to the current star of Mulberry, named for style icon du jour
Alexa Chung. But the bags that reach 'It' status tend to have something more than a celebrity association. They are beautiful, edgy and stylish."
If one man understands women and their handbags, it's Edmond Chesneau. The Frenchman has been selling designs to Irish women for 30 years.
"Yes, I think a bag becomes their best friend, and that it shows a little of their personality," says Chesneau, "but, also, if you think about the bestsellers, they are always beautiful."
In Brown Thomas, repository of 'musthave' bags, an employee tells me they had customers "out the door" last Friday, waiting to get the Tory Burch tote, retailing at 45.
Guys trying to understand the passion for handbags should look at this tote because it draws together everything women want from a bag right now.
It is nicely designed a classic leopardprint and dark leather trim, spiced up by a hotpink lining. It's got the feelgood factor of raising funds for charity (Fashion Targets