Korea’s Health Ministry to Encourage Growth in Medical Industry

Korea’s Ministry of Health, Welfare and Family Affairs stated that it would revise regulations and increase support for the medical tourism industry. By October 2008, the ministry plans to revise the current medical law restricting marketing by medical institutions. Medical institutions would be allowed to provide transportation services to foreign patients and also hire and pay partner travel agencies.

In addition, the ministry also plans to build a high-tech medical park by 2011 to promote R&D of new medical devices and pharmaceuticals. The ministry hopes to issue a draft plan of the proposed park before 2009.