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Korean medical equipment manufacturers under heavy pressure

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02-Oct-14 Korean medical appliance manufacturers could be sandwiched between global leaders and their Japanese and Chinese counterparts. GE, Philips, and Siemens are expanding their business by aggressive investment and Japanese companies' technological strength is likely to be redoubled with assistance from the Japanese government. All this has created an entry barrier for Korean companies. [image: University of Bristol]

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Smart hospitals continue to evolve in Korea

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28-Sep-14 Unlike in some countries where hospitals are encouraged to adopt electronic medical record (EMR) systems by the government, hospitals in Korea are not required to go digital, but the number of facilities with EMR has still increased dramatically over the past decade. [image: Seoul National University Bundang Hospital]

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Korea's healthcare IT offering performing well in overseas markets

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4-Sep-14 Korea's healthcare IT offering is reported to be performing well in overseas markets, especially collaborations between medical sector players and tech companies, such as that between Seoul National University Bundang Hospital and SK Telecom, who are together building a hospital information system in Saudi Arabia.

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Older, affluent countries are NOT running out of workers

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28-Aug-14 The belief that Western Europe and the more affluent parts of Asia will 'run out of' working age people in the coming decades is a myth. A significant increase in propensity to work beyond age 64 and the increased participation of females in these workforces means that countries such as Japan, Korea and Taiwan will in fact have more than enough workers.

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Korea is ageing faster than any other country

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22-Jul-14 Korea is one of the most rapidly ageing countries - currently it has the third lowest dependency ratio (economically active people per elderly person) of 5.26, behind only Mexico and Chile, but this will jump to only 1.96 by 2036 - the fifth highest - with huge implications for healthcare and all aspects of medtech.

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