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Healthcare and life sciences industry as a strategic focus for South Korea : A look at the promises and challenges

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  • Healthcare and life sciences industry as a strategic focus for South Korea
  • Topal, Claire; Ward, Sandra
  • National Bureau of Asian Research


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Title Healthcare and life sciences industry as a strategic focus for South Korea
Similar Titles
Sub Title

A look at the promises and challenges

Material Type Reports
Author(English)

Topal, Claire; Ward, Sandra

Publisher

[Seattle]:National Bureau of Asian Research

Date 2015-04
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Health
Holding National Bureau of Asian Research

Abstract

Several Asian countries, including China, Japan, and Singapore, have prioritized the development of their domestic health industries in the past several years—in many cases backed by clear government policies and significant funding. In recent years, the South Korean government has pursued advancement of its domestic healthcare and life sciences industry as an engine for renewed economic growth. The government’s R&D investment in the industry grew from $0.5 billion in 2008 to $1.1 billion in 2012, part of the country’s steady increase in overall R&D spending over the past decade. In January 2014, President Park Geun-hye endorsed healthcare as a strategic industry for South Korea. NBR interviewed Joo Hun You, a director in South Korea’s Ministry of Health and Welfare and Visiting Fellow at NBR, to learn more about the impetus for this government effort. (The rest omitted)

User Note

An interview with Joo Hun You