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Reimbursement for Medical Devices in Korea

The main agency determining medical device reimbursement in Korea is the Health Insurance Review Agency (HIRA). HIRA accepts and reviews applications for reimbursement approvals submitted by medical device manufacturers. Normally, the medical device reimbursement process takes 4-6 months.

HIRA determines reimbursement by looking at the current reimbursements for similar products in the same sub-category. HIRA generally does not appreciate the value of new technology and sometimes reduces prices at its own discretion.

For more information on medical device reimbursement in Korea, please see the following PBM publications and/or contact us to discuss your specific needs.

• Medical Device Registration in Korea: An Overview
• Medical Device Reimbursement in Korea

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