21-Mar-17 Korea's NongHyup Life Insurance has signed an MOU with KT to develop new insurance products and healthcare services using big data and IoT. The companies will launch a product for elderly people in 2018. The product is characterized by smart bands checking their pulse and movements and providing notifications for families, insurers and public health centers. [image: Business Korea]

17-Mar-17 The Korean company GEOMC and Danish sound specialist company AUDIOWISE have jointly developed a sound therapy solution aimed at reducing symptoms of depression, sleep disturbance, pain, anger, and other similar side effects of prolonged stress. The technology is being tested at Seoul National University’s research centers to provide empirical proof of effectiveness. [image: Business Korea]

16-Mar-17 Green Cross of Korea has signed a contract with TECO Diagnostics to supply USD12.3 mn worth of blood glucose monitors. The volume to be supplied is equivalent to 25% of the whole blood glucose meter market in Algeria. [image: Green Cross Medical Science]

13-Mar-17 A team of Korean researchers at Nanoparticle Research Group have developed a skin-attached patch for diabetics that can measure blood sugar from a small amount of sweat without drawing blood. The team has also developed a patch to work with the blood sugar assessment patch, that can administer appropriate amounts of drugs, offering users some control over blood glucose levels. [image: Business Korea]

 Articles

Chinese citizens are leaving their homes in search of the best care available, or care that they desperately need. Some 483,000 people travelled outbound from China for healthcare in 2015. These medical travellers spent USD6.3 billion on treatment and a further USD3.4 billion on travel and accommodation.