Unlike other global carmakers going all-out to launch fully electric vehicles, Toyota and its premium brand Lexus have insisted on developing hybrid cars. However, with burgeoning demand for battery-powered EVs (BEVs) in Korean and other major countries’ clean car markets, Lexus aims to expand its footing with the first BEV lineup, The All New Electric RZ. RZ 450e, the first EV in the RZ lineup, is a crossover utility vehicle -- a mix of sedan and sport utility vehicle -- that runs on To

Doosan Corp. has joined hands with Hai Duong, an industrial city east of Vietnam's capital Hanoi, seeking further business opportunities based on its manufacturing techniques for advanced electronic materials, the South Korean conglomerate said Sunday. Doosan Corp. and the city of Hai Duong signed a memorandum of understanding last week in Hanoi with government and company officials in attendance, which took place as part of events celebrating South Korean President Yoon Suk Yeol’s st

Samsung Electronics Executive Chairman Lee Jae-yong returned home Saturday after a seven-day business trip to France and Vietnam. He accompanied President Yoon Suk Yeol on his latest state visits to the two countries. As Lee arrived at Seoul Gimpo Business Aviation Center later in the day, he smiled and told reporters that it was “a meaningful itinerary.” But the Samsung chief declined to answer any of them when he was asked about the possibility of Busan’s winning to host the

S. Korean auto giant, Vietnam National University, Hanoi, to strengthen industry-academic ties

South Korean airlines have decided to downsize the number of routes between Korea and China during the summer peak season, following less-than-expected passenger demand for traveling between the two countries, according to industry sources on Sunday. National carrier Korean Air said it will stop the operation of routes between Gimpo International Airport and Beijing from Aug. 1 to Oct. 28, while its routes connecting Incheon Airport and Xian will also be suspended from Aug. 9 to Oct. 28. The nat

Korea boasts higher internet penetration rate, well-established infrastructure, but cautions remain: Cushman & Wakefield Korea exec

SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showed Sunday. Samsung Electronics is projected to report an operating profit of 100.4 billion won ($76.5 million) for the April-June period, a 99.3 percent drop from the 14.09 trillion won operating income it registered a year earlier, according to a median estimate based on the o

Samsung Electronics Executive Chairman Lee Jae-yong celebrated his birthday Friday during his trip to Vietnam along with President Yoon Suk Yeol. Lee turned 55. In a dinner event hosted by Vietnamese President Vo Van Thoung at International Convention Center in Hanoi, Vietnam, Lee was greeted with a birthday cake and musical performance. Samsung Electronics runs plants for smartphones that sell in about 130 countries, as well as for home appliances. It also opened a research and development cent

Daewoo E&C joins presidential economic delegation to ramp up full-fledged effort to support Busan Expo bid

Non-fungible token platform company Art Token announced Friday that it was sponsoring the ongoing "Proof of X" exhibition held in Tokyo from Saturday. The weeklong exhibiting highlights the harmonious integration of contemporary art, blockchain technology and NFTs. The exhibition aims to highlight the potential of NFTs and smart contracts in blockchain technology, exploring the transformative dynamics between artists, audiences, collectors and curators through interactive art that resp

Apple's first manufacturing research and development accelerator discussed the impacts of artificial intelligence and machine learning in smart manufacturing with small and medium-sized businesses in South Korea, the iPhone maker said Friday. Apple Manufacturing R&D Accelerator held its first Smart Manufacturing Forum in Pohang, North Gyeongsang Province, for two days from Wednesday, inviting hundreds of guests from SMEs, industry experts and academia to exchange insights on smart manuf

Lamborghini said Friday it would be launching its first plug-in hybrid high-performance sports car, the Revuelto, in Korea. “Revuelto sets another big milestone for Lamborghini’s new flagship vehicle. This is an important moment for us to launch the car model here in Korea,” Francesco Scardaoni, Asia Pacific regional director of Lamborghini, said at a press conference in Gimpo, Gyeonggi Province. Named after a Spanish fighting bull, Revuelto merges the best of Lamborghini&rsq

SK pharmteco, a global contract development and manufacturing organization under South Korean conglomerate SK Group, said Friday that its French subsidiary Yposkesi has completed construction of its second manufacturing facility for cell and gene therapies (C&GT) in Europe. Yposkesi’s second C&GT manufacturing site sits on 5,000 square meters of land in the Genopole campus, the largest biotech cluster in France. With the addition of the second site, Yposkesi’s biomanufactur

SK hynix, the world’s third-largest memory chipmaker, said Friday it introduced its next-generation memory technologies and products at an IT conference in the US. The Korean tech giant said it joined the HPE Discover 2023 event held by Hewlett Packard as an exhibitor, showcasing its industry-leading memory solutions for data centers. The annual conference was held in Las Vegas for three days starting Tuesday. SK said it showcased PS1010 E3.S, a high-performance Peripheral Component Inte

President Yoon Suk Yeol challenged a group of South Korean businesspeople on Thursday to invest in Vietnam's emerging markets, saying he believes they hold the key to overcoming various global risks. Yoon made the remark during dinner with a South Korean business delegation accompanying him on his three-day state visit to Vietnam. The 205-member delegation, the largest yet under the current administration, includes Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey