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Healthcare becomes a growth engine for SK Telecom

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08-Jan-15 SK Telecom, Korea’s biggest mobile carrier, says it will invest more in healthcare business projects in 2015. “Our plan to boost health businesses generating 1 trillion won revenue by 2020 is still effective,” said an SK Telecom official. As faster networks power services related to the Internet of Things, healthcare has become a new growth engine. [image: SK Telecom]

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Korea’s pharma industry hails new golden age

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08-Jan-15 Korea’s domestic pharmaceutical R&D industry progressed strongly in 2014, securing approval of its 21st domestically developed drug, Liavax, and the entry of new medicines such as Kanarb and Supect onto the global market. In 2015 new Korean drugs for chemo-induced neutropenia, obesity and arthritis are expected to hit the market, as well as several new vaccines. [image: Business Korea]

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India’s medical devices sector opens up to 100% foreign investment

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06-Jan-15 India’s cash-starved medical devices sector will be opened up to 100% foreign direct investment. About 70% of the country's medical devices demand is met through imports. With the new rules, the government is trying to reduce the import bill and encourage local manufacturers to tap into the USD400 bn global market. [image: The Economic Times / BCCL]

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