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]

05-Apr-16 Korean companies exporting medicine and medical supplies to Mexico will not have to undergo on-site inspections by the Mexican health authorities, following an agreement between the two nations, the Ministry of Food and Drug Safety said. The agreement is expected to increase exports of medical products and medicines by USD8 mn annually, it said. [image: GOB]

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]

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]

25-Feb-16 In Saudi Arabia, the Seoul National University Bundang Hospital, SK Telecom and ezCaretech have been engaged in a hospital information system project worth approximately KRW70 bn since 2014 in a contract with six hospitals under the Saudi Arabian Ministry of National Guard. The transfer of the Samsung Medical Center’s genome-based precision medicine Avatar System is around the corner, too. [image: Business Korea]