Industry

LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year

LG Electronics posted its highest-ever second-quarter sales and operating profit, reporting revenue of 23.83 trillion won and operating profit of 1.58 trillion won. Sales rose 14.9 percent and operating profit jumped 147 percent from a year earlier. Revenue edged up from the previous quarter, while operating profit fell. The company said growth was led by home appliances, supported by sports events and vehicle solutions, with profitability helped by cost efforts and a one-off tariff refund.

Finance

Woori Bank\'s Two Chairs teams up with Maybach for joint marketing to wealthy clients

Woori Bank will expand joint marketing targeting ultra-high-net-worth individuals with Mercedes-Benz official dealer HS Hyosung The Class. The partners plan invitation events and joint programmes linking financial asset management with premium mobility for clients of Woori Bank’s wealth management brand Two Chairs. A commemorative event was held at the Maybach Brand Center Seoul, featuring a car docent session, a financial seminar and one-on-one driving coaching by professional racers.