26-Apr-16 LG Household & Health Care reported record high results in the first quarter of 2016. Net sales of KRW1.5 tn (USD1.3 bn) and operating profit of KRW234 bn (USD199 mn) represent growth of 17% and 31% respectively. Sales of Health products increased 6.5% and operating profit increased 12%, due to steady growth in both personal and home care segments. [image: LG]

Subscriptions to our 2016 Asia-Pacific Connected Health market intelligence research program are now available. Receive accurate market data and reliable insight, access to specific business opportunities and the option to include private custom topics. Covering Devices, Systems and Services, the reports include analysis of: Connected Health ecosystem, government and hospital projects, regulations and reimbursement, industry players, case studies, future market outlook, and specific sales opportunities. 

18-Mar-16 The CEO of Samsung Medison said he will achieve a rebound this year, wiping out recent sell-off rumors. One new product to assist with this goal is the PT10V, an IVD for animals, which can take up to 13 tests for animals at the same time. The CEO said “The animal medical device market is small but we see a new possibility.” [image: Business Korea]

17-Mar-16 Canon Inc is to buy Toshiba Corp's medical equipment unit for JPY665.5 bn (USD6 bn). Canon, which makes X-ray machines and eye examination devices, has been trying for years to expand into high-margin medical devices, particularly as demand for traditional cameras has declined with the advent of smartphones. [image: Reuters]

11-Mar-16 In Korea, Artificial Intelligence (AI) is an underdeveloped and poorly invested sector. But in hospitals, AI is used for various purposes such as analyzing medical videos to pinpoint diseases and suggesting optimized treatment plans. In Korea, various venture startups are developing healthcare technologies based on AI, including Buno, Lunit and Neofect. [image: Business Korea]