25 C
Vientiane
Sunday, June 1, 2025
spot_img
Home Blog Page 323

China International Development Corporation has signed MOU with Carbontech Asia Pacific

Aimed at revolutionizing the Australian transportation industry

HONG KONG, April 22, 2025 /PRNewswire/ — China International Development Corporation Limited (“CIDC” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 0264 formed in collaboration with Flex Fuel Hydrogen Development Group Limited (“FFHD”) to announce the signing of a Memorandum of Understanding (“MOU”) with Star Allianz Capital Pty Ltd, Hon Chu Cheung and Flex Fuel Hydrogen Development Limited to acquire a 51% equity interest in Carbontech Asia Pacific Pty Ltd (the “Carbontech”), aimed at revolutionizing the Australian transportation industry.

With the Australian government’s new emissions reduction regulations set to take effect in 2025, the demand for effective carbon cleaning technologies has never been greater. These regulations will require transport companies to reduce their carbon footprints and improve fuel efficiency.

Under the MOU, CIDC proposes to purchase 51% of the equity interest in Carbontech. Carbontech located in Melbourne, is a leading provider of carbon cleaning technology for automotive engines. It specialize in using hydrogen-based and chemical additive technologies sourced from Flex Fuel, a French hydrogen manufacturing company.

To be the national and international market leader in carbon reduction solutions

Carbontech is poised to revolutionize engine decarbonization in Australia. In the short term, the company will establish a strong presence in Melbourne and major cities, educating transportation companies and aiming for top recognition in the Australian market. They will also introduce hydrogen and chemical additive technology to at least 100 Melbourne clients.

Over the medium term, expansion across all Australian states is planned, along with renting decarbonization machines to repair centers and introducing regular chemical additive sales, supported by mobile service units. The long-term vision is to become the market leader nationally and internationally, building a vast partner network and maintaining technological leadership through continuous R&D in carbon reduction solutions.

By leveraging cutting-edge hydrogen-based and chemical additive technologies, CarbonTech is set to reduce carbon build-up in engines, improve fuel efficiency, and reduce harmful emissions, ultimately enhancing the performance and longevity of automotive parts.

Future Prospects

Carbontech commented, “Our company is uniquely positioned to take advantage of the growing demand for engine decarbonization solutions in Australia. By leveraging cutting-edge technology from Flex Fuel, we can offer businesses and individuals the tools they need to reduce emissions, improve fuel efficiency, and extend the life of their vehicles. With a clear strategy for expansion and a strong commitment to customer satisfaction, we aim to become the leading provider of engine decarbonization services and products in Australia.”

CIDC commented, “We’re pleased to announce our acquisition of Carbontech, marking our entry into the Australian market. This follows the successful reorganization of our JV subsidiary in Shenzhen, which has deployed over 60 hydrogen decarbonizing and cleaning stations have been imported and installed in over 20 locations in China since March. By leveraging Carbontech’s local presence, we will introduce our proven hydrogen injection cleaning technology to help Australian transportation companies reduce emissions, improve fuel efficiency, and extend vehicle lifespan, contributing to a greener Australia.”

About Flex Fuel Hydrogen Development  (Shenzhen) Co., Ltd

The Group and Flex Fuel Hydrogen Development Group Limited was set up a JV company named Flex Fuel Eco Company Limited. By the way of reorganization, the JV company became the holding company of Flex Fuel Hydrogen Development (Shenzhen) Co., Ltd (FFSZ). FFSZ is the exclusive sales and production authorisation of Flex Fuel Energy Development  (Base in France founded in 2009, one of the French technology 120 index companies) Products in Asia-Pacific. The engine hydrogen maintenance equipment has been officially certified by the French Railways Agency, the Oceanic Agency, the Ministry of Environmental Protection and other official safety certifications. At present, the group is engaged in hydrogen research and development and production equipment, providing a full range of energy solutions, applying its equipment and the hydrogen produced according to customer needs, so as to reduce costs, meet the world trend, apply renewable energy, directly reduce emissions and save energy, and meet the requirements of commercial ESG.

Casio to Release MR-G Inspired by the World’s Largest Frog

New FROGMAN Diver’s Watch with ISO 200m Water Resistance

TOKYO, April 22, 2025 /PRNewswire/ — Casio Computer Co., Ltd. announced today the release of a new MR-G timepiece, adding to the flagship line of the G-SHOCK brand of shock-resistant watches. The design of the new MRG-BF1000RG, the latest timepiece in the FROGMAN line of diver’s watches, evokes the world’s largest frog — the goliath frog.

MRG-BF1000RG
MRG-BF1000RG

The FROGMAN shock-resistant diver’s watch is known for its asymmetric design, crafted to allow unrestricted wrist movement underwater. The MRG-BF1000R, released in 2023, brought this unique form to life with a highly water-resistant titanium case. Its meticulous construction, including a polished finish down to the finest details, has earned it high praise.

Building on the MRG-BF1000R, the new MRG-BF1000RG draws inspiration from the goliath frog — the world’s largest frog — found in the tropical rainforests of West Africa. Its colors and design evoke a spirit of adventure, capturing the thrill of exploring untamed wilderness.

The khaki band, inspired by the coloring on the back of the goliath frog, is made with a soft, highly flexible fluoro rubber material, ensuring a comfortable fit. The beige indexes, evoking the coloring on the frog’s underside, are coated with Neobrite for excellent visibility even in low-light conditions. The titanium screw-lock case back is fitted with a sapphire crystal, finished with a vibrant green vapor deposition inspired by the eye of the Goliath frog, and maintains a highly water-resistant structure while preserving the built-in antenna’s radio wave reception sensitivity.

In dive mode, the hour and minute hands overlap to form a single hand, providing an intuitive, easy-to-read display of time spent underwater. Three dual-coil motors enable swift hand movement, allowing users to switch quickly from current time display to dive time display — making this a truly practical diver’s watch.

Design inspired by the goliath frog
Design inspired by the goliath frog

Toshiba Launches Overseas Business in ifLink, its Open IoT Platform for Easy Access to IoT Services

– Starting ifLink business in Thailand, aiming to develop global business –

KAWASAKI, Japan, April 22, 2025 /PRNewswire/ — Toshiba Digital Solutions Corporation (Toshiba Digital Solutions) and Toshiba Asia Pacific (Thailand) Co., Ltd. (TATC), a Toshiba Group subsidiary, today brought an innovative, cost effective approach to IoT development to the Thai market with the launch of ifLink , built on the ifLink platform (ifLink) provided by Toshiba Digital Solutions. This is the first ifLink business outside Japan, and TATC is responsible for software license sales and customer support.

ifLink is an open IoT platform service that makes it easy to combine various IoT devices and web services into modules, connect to a cloud-based application platform and to define device operation with if-then (condition-action) rules. In Japan, ifLink has won support from over 100 companies and schools, and Toshiba Digital Solutions has provided ifLink licenses to Japanese companies in many different business sectors.

In Thailand, IoT implementation has been held back at some manufacturing sites by a lack of know-how and high introductory costs. TATC is collaborating with the Technology Promotion Association (ThailandJapan) (TPA), a non-profit set up to transfer and disseminate Japan’s latest IoT technologies and know-how in Thailand and to develop human resources. TATC has examined and confirmed that ifLink can be applied to kaizen activities at manufacturing sites participating in the Project of Smart Monodzukuri Support Team in Thailand that TPA is promoting as part of its effort to develop human resources for DX.

In November 2024 and January 2025, Toshiba held hands-on seminars for project instructors who assist in transferring digital technology to local personnel and TPA member companies covering the practical use of ifLink to set up IoT. Seminar participant found ifLink user-friendly, even for people with limited knowledge of IoT, which prompted Toshiba Digital Solutions and TATC to launch the ifLink business in Thailand for Thai manufacturing companies, including TPA members. Toshiba Digital Solutions provides the ifLink software, and TATC handles software license sales, device setup, and customer support in English and Thai.

In Thailand, TATC will offer a trial service leading to a full license. It provides one month’s use of the ifLink Starter Kit — an Android smartphone with the ifLink app installed, a data communications device, and sensors — and costs 10,500 baht (approximately 310 USD*) from TATC. Users can start using ifLink without preparing any devices themselves. Once users have used the trial service to confirm ifLink’s effectiveness, they can purchase the full license. It is a subscription service with a basic monthly license fee of 5,740 baht (approximately 170 USD*), plus the cost of an Android smartphone and the devices and sensors, and a one-time setup fee. The monthly subscription service fee may vary, depending on the sensors used. TPA members that participated in TPA’s ifLink seminar will receive a special price.

The ifLink Starter Kit for the trial service
The ifLink Starter Kit for the trial service

Toshiba Digital Solutions and TATC target sales of 100 ifLink Starter Kit licenses to manufacturers in Thailand over the three years to fiscal year 2027. They will also seek business partners to provide IoT solutions built on ifLink.

Toshiba Digital Solutions is considering taking the ifLink business in Asia-Pacific beyond Thailand, and aims to grow an ifLink-based open IoT business ecosystem in Japan and internationally.

About the ifLink platform: 
https://www.global.toshiba/ww/products-solutions/ai-iot/iflink.html

For product inquires: 
Toshiba Asia pacific (Thailand) Co., Ltd.
Ms. Wichuta Lablay: wichuta_lablay@tasia.toshiba.co.jp (Thai)
Mr. Shunichi Morita: shunichi.morita@Toshiba.co.jp (Japanese)

* The amount is converted at a rate of 1 THB = 0.0296 USD.

– ifLink is a registered trademark or trademark of Toshiba Digital Solutions in Japan and other countries.

– Company names and product names in this press release may be trademarks or registered trademarks of their respective companies.

– The information in this press release, including service details, prices, specifications, related links, and contact information, is up to date as of the announcement date. Please note that it is subject to change without notice.

Euclid Transactional Adds First Tax Underwriter Based in APAC

SINGAPORE, April 22, 2025 /PRNewswire/ — Euclid Transactional, LLC (“Euclid Transactional”), a leading managing general agent focused on transactional insurance underwriting and claims handling, today announced that Wai Ling Low has joined as Senior Vice President and Tax Underwriter, APAC.

Wai Ling’s core responsibilities include supporting Euclid Transactional’s key broker partners by underwriting specific tax liability risks, representing the first tax underwriter based in the APAC region to join Euclid Transactional’s global tax insurance team. Wai Ling reports into Chris Waddington, Managing Director and Head of Tax (EMEA and APAC).

Chris commented: “We are very excited to have Wai Ling join Euclid Transactional’s global tax insurance team, which allows us to offer local tax underwriting capabilities in the APAC region for the first time. This will further enhance our global tax insurance offering and the support we provide to our key partners on their international deals“.

Wai Ling joins a rapidly growing Singapore-based APAC team that services its brokers and clients on their merger and acquisition transactions, tax risks and contingent risks in Asia Pacific.  “With her wealth of expertise in APAC tax, Wai Ling enhances our ability on the ground in APAC to provide integrated solutions to our valued partners. This strategic hire further cements our long-term commitment to the APAC region and we look forward to continuing to invest in talents in order to better address the needs of our partners,” said Alice Ho, Managing Director and Head of APAC at Euclid Transactional.

Wai Ling brings fourteen years of experience in advising clients on complex international tax issues, corporate restructuring, and mergers and acquisitions. She is an Accredited Tax Advisor (Income Tax) of the Singapore Chartered Tax Professionals and holds a BBA (Accountancy) from the National University of Singapore. Prior to joining Euclid Transactional, Wai Ling was an Associate Partner with EY Singapore, preceded by a role with PwC’s corporate tax advisory team.

Euclid Transactional has more than 140 employees across 10 offices around the world, including an industry-largest 20+ person claims team dedicated solely to transactional insurance claims handling.

Euclid Transactional APAC Pte. Ltd. operates under a delegation of authority by Swiss Re International SE, Singapore Branch in respect of representations and warranties insurance, tax liability insurance and contingent liability insurance, which arrangement is registered with the Monetary Authority of Singapore. Euclid Transactional APAC Pte. Ltd. is registered with the General Insurance Association of Singapore.

About Euclid Transactional 

Euclid Transactional, LLC is a managing general agency specializing in the underwriting of representations & warranties/warranty & indemnity, tax liability, contingent liability and other transactional insurance coverages. Operated by one of the industry’s largest teams of experienced underwriters and claims executives, Euclid Transactional strives to provide the most consistent and dependable service and has issued policies that have paid more than $1 billion to its clients. The firm has offices in New York, London, Chicago, Frankfurt, Copenhagen, Stockholm, Dublin, Toronto, Paris and Singapore, and offers full-service underwriting for deals across the Americas, Europe, the Middle East and Africa, and Asia Pacific. Euclid Transactional is an affiliate of Euclid Insurance Services, a program administrator that provides its partners with advisory, accounting, information technology and human resource services. Euclid Transactional’s insurance capacity is provided by premier insurers, all of which are rated AM Best A (Excellent) or better.

Media Contact:
Jack Dulin
RF|Binder
jack.dulin@rfbinder.com
212-994-7582

Venus Medtech Reports 2024 Annual Results: Profitability Surges with Robust Global Expansion and Innovations

HONG KONG, April 22, 2025 /PRNewswire/ — Venus MedTech (Hangzhou) Inc. (Stock Code: 2500.HK, hereinafter referred to as “Venus Medtech” or the “Company”), a global leader in structural heart therapies, has announced financial results for the year ended December 31, 2024 (“the Year”), demonstrating significant improvements in profitability and operational discipline despite market challenges.

Key Financial Highlights

  1. Revenue: RMB471 million, with overseas revenue growing 13.53% YoY to RMB82.5 million.
  2. Adjusted non-IFRS EBITDA loss: Narrowed by 45.56% YoY to RMB254 million, reflecting stringent cost controls.
  3. Commercial profit: Surged 112.60% YoY to RMB97.7 million, with the commercial profit margin rising from 9.35% (2023) to 20.74%.
  4. Gross margin: Remained robust at 78.11%, underscoring pricing stability.

Facing a challenging landscape, Venus Medtech reinforced its leadership in China’s valvular therapy sector while achieving significant progress in operational efficiency and commercial profitability, mainly reflected in:

Cost Optimization

  • Sales expenses decreased by 18.44% YoY to RMB245 million, with the sales expense ratio decreasing from 61.15% (2023) to 52.05% through streamlined distributor management and accounts receivable reforms.
  • R&D expenses declined 35% YoY to RMB341 million, as the Company prioritized high-value pipeline projects, reducing R&D expense ratio from 106.83% to 72.46%.

Profitability Focus

  • The “Profitability-First” strategy drove a 112.60% increase in commercial profit (RMB97.7 million), while adjusted EBITDA losses halved (-45.56%), signaling sustainable financial traction.

Global Expansion and Maintain Domestic Leadership

In domestic markets, Venus MedTech focused on distributor channel development and penetrated tier-2 and tier-3 hospitals, securing its 1st position as China’s leading transcatheter aortic valve replacement (TAVR) provider.

  • Products are now used in over 650 hospitals nationwide.
  • The company participated in more than 90 third-party conferences and hosted over 100 proprietary events, engaging over 5,500 medical experts, and reaching more than 2 million online viewers.

Internationally, sales contributed 17.52% of total revenue (up from 14.79% in 2023). Growth was driven by Europe (+10.1%), Asia-Pacific (+16.6%), and Latin America (+38.6%). Venus Medtech expanded into 13 new countries, bringing its total global footprint to nearly 70 markets.

Key milestones included:

  • VenusP-Valve, the Company’s differentiated pulmonary valve product, entered 63 global markets, with new approvals in 12 countries/regions, including Canada, Australia, Singapore, Mexico.
  • VenusA Series products expanded to 15 countries/regions, with new approvals in countries including Russia, Thailand, Mexico, and Kazakhstan.

Innovation-Driven Pipeline Optimization for Sustainable Growth

Venus Medtech remains committed to innovation, advancing its “Four-Valve Strategy” for structural heart disease solutions. Key 2024 developments included:

Aortic Valve

  • Venus-PowerX completed its first patient enrollment in its global confirmatory trial (December 2024), with full China enrollment expected in 2025.
  • VenusA-Deluxe received China market approval in November 2024.

Pulmonary Valve

  • VenusP-Valve advanced its U.S. IDE (PROTEUS) pivotal study, with the first patient successfully implanted in June 2024.

Mitral/Tricuspid Valve

Cardiovalve’s trial in the treatment of tricuspid regurgitation enrolled nearly 120 patients across 30+ renowned cardiovascular centers in Germany, Italy, Spain, the UK, and Canada.

The Company also strengthened its intellectual property portfolio, holding 886 patents and applications (473 granted), including 402 filings in China (275 granted) and 460 overseas (435 granted).

Robust Clinical Evidence Demonstrates Long-Term Efficacy

Adhering to the principles of evidence-based medicine, Venus Medtech has consistently conducted long-term follow-up studies for its registered clinical trials, generating outstanding data that validates the full spectrum of clinical benefits across its product lines. Key findings reported in the year include:

Cardiovalve TARGET CE Pivotal Study (Europe)

  • Immediate outcomes in the first 105 patients demonstrated 93.7% achieved ≤mild tricuspid regurgitation.
  • Early humanitarian use data in 20 patients with 100% severe or worse tricuspid regurgitation showed 90% reduced to ≤mild regurgitation at 30-day follow-up.

VenusP-Valve (5-year CE follow-up data)

  • No mortality or reinterventions, with right ventricular reverse remodeling confirmed via MRI at 6 months and durable functional improvement.
  • 94%+ of patients in NYHA Class I/II at 5 years, demonstrating sustained quality-of-life benefits.

“2024 was a transformative year for Venus Medtech,” said Lim Hou-Sen, CEO of Venus Medtech. “By prioritizing profitability, operational excellence, and global expansion, we have positioned the Company for sustainable growth. Moving forward, we will continue to innovate, optimize our commercial strategy, and deliver long-term value to patients and shareholders.”

About the company

Venus Medtech (2500.HK) was founded in 2009 and is headquartered in Hangzhou, China. It is an innovation-driven medical device company specializing in structural heart disease. The company’s product portfolio covers aortic, pulmonary, mitral, and tricuspid valve diseases, as well as surgical support products, forming a comprehensive pipeline. With global R&D centers in China, the United States, and Israel, Venus Medtech has established a worldwide network for research, production, marketing, and service. The company is committed to providing effective treatment solutions for life-threatening diseases.

LG HONORED WITH TOYOTA’S “EXCELLENT VALUE IMPROVEMENT AWARD” FOR THE FIRST TIME

Company’s Outstanding Efforts in Delivery and Collaborative Cost Reduction Recognized by the World’s Largest Car Manufacturer

SEOUL, South Korea, April 22, 2025 /PRNewswire/ — LG Electronics (LG), a mobility sector technology leader, has been awarded the 2024 Excellent Value Improvement Award by Toyota Motor North America (TMNA) for the first time. The award was presented at TMNA’s Annual Supplier Business Meeting in the U.S. This award recognizes LG’s contributions to component quality and technological innovation in Toyota’s largest market, North America.

LG Honored with Toyota’s “Excellent Value Improvement Award” for the First Time
LG Honored with Toyota’s “Excellent Value Improvement Award” for the First Time

To determine the award winners, TMNA evaluates supplier performance based on key criteria such as technology and development, supplier diversity, value improvement, Value Analysis achievement, quality, launch and value chain promotion. LG was highly commended for its outstanding delivery and proactive support of cost innovation initiatives. The company’s commitment to on-time, high-quality supply chain management has ensured seamless operations for Toyota, while its collaborative approach to cost optimization prioritizes continuous improvement over simple price reductions. LG also excelled in Manufacturing Improvement, demonstrating resilience and operational excellence in the challenging post-pandemic landscape.

LG has been a trusted partner of Toyota since supplying Navi-box components for its vehicles in 2011. This partnership expanded in 2019 to include advanced telematics solutions for TMNA. The LG Vehicle Solution Company leverages its expertise in 5G telematics technology to deliver advanced connectivity solutions tailored for the automotive industry. The company provides versatile telematics control units (TCUs) available in both standalone and integrated-antenna configurations. These TCUs feature cutting-edge capabilities, including 5G connectivity, Vehicle-to-Everything (V2X) communication, and robust cybersecurity measures. Such innovations enable automakers to offer seamless connectivity, efficiently supporting the growing demands of connected and autonomous driving. Through close collaboration with global automakers, LG continues to drive innovation and reinforce its leadership position in automotive telematics.

“LG’s commitment to collaboration and continuous improvement has been outstanding,” said Ryan Grimm, Group Vice President of TMNA R&D Purchasing Supplier Development. “We appreciate LG’s proactive approach to meeting our evolving needs and look forward to building on this strong foundation as we move forward together.”

“This highly esteemed award validates our efforts in advancing automotive technology and underscores our commitment to collaboration and building customer trust,” said Brad Oh, president of LG Vehicle Solution USA. “Our advanced telematics solutions prioritize vehicle connectivity and safety, helping Toyota realize its vision for the future of mobility through cutting-edge technologies and continued partnership.”

About LG Electronics Vehicle Solution Company

The LG Vehicle Solution Company (VS) is bringing LG’s unique human-centered innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions for software-defined vehicles. Committed to “Driving Better Future Mobility,” the company has diversified its portfolio to further strengthen its capabilities. This includes the acquisition of automotive lighting systems provider ZKW Group and vehicle cybersecurity company Cybellum, as well as the establishment of the LG Magna e-Powertrain joint venture. For more information, visit www.LG.com/global/mobility. To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at www.LG.com/global/mobility/newsletter and follow the LG VS Company LinkedIn channel at www.linkedin.com/company/lgvehiclesolution

FIELD MEDICAL CLOSES $40 MILLION SERIES A FINANCING TO REDEFINE PULSED FIELD ABLATION FOR VENTRICULAR TACHYCARDIA

CARDIFF-BY-THE-SEA, Calif., April 22, 2025 /PRNewswire/ — Field Medical Inc., a pioneer in cardiac pulsed field ablation (PFA) technology, today announced the successful closing of $40 million in Series A financing. The round includes $20 million in new capital and the conversion of $20 million in seed-round debt. Participants include several leading strategics, venture capital firms and family offices, with multiple seed investors reinvesting – underscoring strong confidence in the company’s initial focus on ventricular tachycardia (VT) and the broader versatility of its technology.

The funding will support the completion of two pilot studies – VCAS for VT and Field PULSE for atrial fibrillation (AF) – as well as continued development of Field’s commercial PFA system and operational scale-up in preparation for VERITAS, the company’s pivotal trial focused on VT.

“This financing is a pivotal milestone as we advance in redefining how electrophysiologists approach ablation therapy,” said Steven Mickelsen, M.D., founder and chief executive officer of Field Medical. “With the support of our investors, we are accelerating the development of the FieldForce™ Ablation System, building on early clinical evidence, and moving closer to our commercial goal of expanding access to next-generation PFA solutions for cardiac ablation.”

“We are encouraged by the strong support and confidence from both new investors and our reinvesting seed-round investor base,” said Oskar Dadason, chief financial officer. “This funding enables us to execute our strategic plan with speed and focus as we transition from early-stage innovation into commercial readiness.”

Field Medical is developing transformative technology for the treatment of all cardiac arrhythmias, including VT and AF. The FieldForce Ablation System, featuring the first built-for-purpose, contact force focal PFA catheter, enables an instantaneous ablation workflow, with therapy delivered in a fraction of a second. Recent results from the VCAS (VT) and PULSE (AF) pilot studies demonstrate the system’s versatility. Powered by FieldBending™, the company’s proprietary technology that delivers brief, high-intensity electric fields, the System is positioned as the single, advanced solution for treating a full spectrum of cardiac arrhythmias.

About Field Medical® Inc.
Founded in 2022, Field Medical is advancing next-generation pulsed field ablation (PFA) technologies to address the complex needs of modern cardiac ablation. The company is led by Dr. Steven Mickelsen, a pioneer in pulsed electric field technology and a leading innovator in the field. His foundational work in PFA established the basis for modern advancements in the technology, which Field Medical continues to refine with its groundbreaking solutions. In 2024, Field Medical’s technology was recognized by the FDA with Breakthrough Device Designation and inclusion in the TAP Pilot Program. 

For more information, visit www.fieldmedicalinc.com and follow us on LinkedIn and X.

The FieldForce™ Ablation System is an investigational device and is limited by federal (or United States) law to investigational use.

The Growing Prevalence of VT and AF
Ventricular tachycardia (VT) and atrial fibrillation (AF) are two of the most common and serious arrhythmias, contributing to stroke, heart failure, sudden cardiac death and escalating health care costs. VT and premature ventricular contractions (PVCs) affect more than 6 million people in the United States and Europe, while AF impacts an estimated 2% to 6% of the global population.

The AF catheter ablation market is currently valued at $5 billion and is projected to grow at a compound annual growth rate of 13% to 16%, surpassing $11 billion by 2034. In comparison, the global VT market— which includes devices and catheter ablation—was valued at approximately $12.5 billion in 2021 and is expected to grow at a compound annual growth rate of 5.26%, reaching $17 billion by 2027. Notably, the catheter ablation segment within the VT treatment market is projected to grow at a higher rate of 13% annually during this period, reflecting increased adoption of catheter-based interventions for VT management.

Media Contact
Holly Windler
619.929.1275

Logo – https://laotiantimes.com/wp-content/uploads/2025/04/field_medical_logo_block_whiteonblack_logo.jpg 

LOTTE rent-a-car suggests a travel course following the famous scenes from the Netflix Series

‘When Life Gives You Tangerines’

  • LOTTE rent-a-car introduces Jeju travel destinations featured in the drama that captivated global viewers
  • Enhancing convenience for international travelers by providing dedicated staff for foreign customers and multilingual support
  • Offering various services such as chauffeur-driven rental cars, welcome coupon packs, and free electric vehicle charging

SEOUL, South Korea, April 22, 2025 /PRNewswire/ — As the Netflix series ‘When Life Gives You Tangerines’ receives an enthusiastic response from global viewers, interest in Jeju Island, known as the ‘Hawaii of Korea’ and the backdrop of the drama, is increasing. With the peak travel season to Jeju from March to May, the number of foreign tourists looking to experience the unique nature of Jeju depicted in the drama is on the rise.

Jeju Island has many hidden gems that are difficult to access using public transportation alone, making rental cars essential. LOTTE rent-a-car, South Korea’s No.1 rental car brand, holds the top market share in the Korean rental car market and is the official partner of the global rental car brand Hertz, providing verified services. They offer a systematic service system and multilingual support platform for international customers.

LOTTE rent-a-car Jeju Auto House is located near Jeju International Airport. It is the largest single-location rental car facility in the country, with a fleet of 3,000 vehicles. Operating 365 days a year from 6 AM to 11 PM, it allows customers to pick up or return vehicles conveniently regardless of flight times. The proportion of foreign customers renting from LOTTE rent-a-car in Jeju is increasing every year. As of 2024, foreign customers account for 25.6% of the total customers at LOTTE rent-a-car Jeju Auto House, meaning one in four customers is a foreigner.

For international tourists planning a trip to Jeju in the first half of this year, LOTTE rent-a-car suggests a special Jeju travel course centered around the filming locations of iconic scenes from the drama. These include Gimnyeong Beach, where young Aesoon eagerly waited for her mother, and Seongsan Ilchulbong, which showcases the beautiful scenery of Jeju.

Gimnyeong Beach: A Pristine Beach Embodying the Lives of female divers

Located in eastern Jeju, Gimnyeong Beach gained attention as the setting for the lives of haenyeo(female divers) in the drama. The exotic landscape, where cobalt blue waters, white sandy beaches, and black basalt rocks harmonize, leaves visitors in awe. Not only can visitors experience the local haenyeo culture, but they can also enjoy various marine activities such as yachting, kayaking, and snorkeling. The walking trail along the wind turbines lined up on the eastern side of the beach and the nearby cave exploration course add a unique charm.

Seongsan Ilchulbong: A UNESCO World Heritage Site and Sunrise Spot

Seongsan Ilchulbong, where the protagonist Aesoon performs 3,000 bows in the drama, is one of Jeju’s most iconic natural landmarks. Formed by underwater volcanic activity about 5,000 years ago, its cratered terrain is notable. This site is recognized as a UNESCO World Natural Heritage due to its geological significance and is also famous for its breathtaking sunrise views over the open sea. The magnificent scenery, where the blue sea and cliffs blend, leaves a lasting impression on both drama fans and general tourists.

Ora-dong Buckwheat Field: A Healing Photo Spot with Different Faces Each Season

The buckwheat flower path where Aesoon and Gwansik shared memories in the drama was filmed in the buckwheat fields of Ora-dong, Jeju City. The vast field, equivalent to 130 soccer fields, offers different charms each season, making it an ideal photo spot, especially for wedding photos. In spring, yellow canola flowers, in summer, pure white buckwheat flowers adorn the field, and from late winter to spring, the landscape is filled with green barley and reeds. May and June are the best times to witness the most splendid scenery.

Jejumok Gwana: Where Aesoon and Gwansik Wrote Poems for the Writing Contest

Jejumok Gwana is where the writing contest in the drama took place. It was the administrative center of Jeju during the Joseon Dynasty and is a nationally designated heritage site and a representative historical and cultural tourist attraction in Jeju. Aesoon and Gwansik sat in front of Yeonhuijeong Pavilion in this Gwana to write poems. It is also the place where the middle-aged Aesoon wrote a poem longing for her mother. Recently, it has become very popular among foreign tourists, as they can rent hanbok(traditional Korean clothing) from nearby rental shops. It is common to see tourists taking photos in hanbok in front of the traditional Korean houses.

LOTTE rent-a-car Welcomes Foreign Customers with Professional Staff, Coupon Packs, and Electric Vehicle Promotions

LOTTE rent-a-car operates professional staff who can provide consultations in foreign languages. The official website supports English, Chinese, and Japanese, allowing international customers to smoothly handle the entire process from vehicle reservation to contract management and consultation in their native language. This makes it easy for first-time visitors to Korea to use the rental car service.

For tourists who find driving on unfamiliar roads burdensome or have a lot of luggage, it is recommended to use the chauffeur service. Professional drivers familiar with the local road conditions will drive, allowing tourists to focus solely on the beautiful scenery of Jeju outside the window. A variety of vehicle types are available, from compact cars to vans, SUVs, and 11-seater and 15-seater vehicles. This service can be used upon reservation inquiry.

There are also various benefits provided to international tourists using LOTTE rent-a-car. The ‘Jeju Welcome Coupon Pack,’ which consists of benefits necessary for traveling in Jeju, is a new free service offered to customers using LOTTE rent-a-car’s short-term rental cars in Jeju. It provides discounts of up to 54% on popular tourist attractions in Jeju and LOTTE affiliates. A free charging promotion that provides a charging card for electric vehicle users is also being implemented for international customers. Jeju’s major tourist attractions are well-equipped with electric vehicle charging infrastructure, making it convenient to use electric vehicles.

LOTTE rental, stated, “We will continue to expand various customized services so that travelers from around the world can experience the beauty and sentiment of Jeju more conveniently,” adding, “LOTTE rent-a-car will continue to enhance trust and satisfaction as a brand that accompanies the journeys of global customers.”

LOTTE rental is South Korea’s leading rental company, providing integrated rental solutions across all fields, including automobiles, office automation equipment and industrial equipment. Its subsidiary, LOTTE rent-a-car, holds the top market share in the domestic rental car industry and offers extensive mobility services to domestic and international customers through over 220 branches nationwide and a global partnership network. 

https://www.lotterentacar.net/hp/chn/reservation/index.do?LANG=chn